The vid says it all. This is bad news for people who wanted raid mm, as bungie is clearly defending their standpoint.
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I hope that they aren't heavily underestimating the community and/or overestimating the difficulty of their raids to the point where we don't need to go through the trouble of getting teams together to do raids after just a short while but we're forced because we can't just find decent randoms in MM. It's just about convenience for me.