Earn guaranteed legendary gear in strikes lol, never going to happen. Selling sub level 30 gear is ridiculous. So hit 29 run VoG a million times and get shards...... Right. Your system doesn't improve anything. It's actually going backwards.
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Getting Ascend materials is actually very easy in the game now. Getting Radiant materials isn't so much. Not unless you have multiple characters and rank 4 reputation with Eris. I think they will do something similar for upgrades with the House of Wolves DLC.