The story I have heard more than once is that the fate of all fools is a unique weapon owned by one person. It was gifted to someone who had brain surgery or something. I don't know if that's right but it's what I've heard
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Yeah, and Bungie has no plans on giving anybody else the weapon. We got the Jade Rabbit, which has the "Fate of All Fools" perk, so it's a very good guess that we won't be getting the original.