It is not. All characters and game progress is saved on the Destiny servers and is attached to your XBOX LIVE or PSN profile. So re-installing is safe.
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Any fix for this now? Got the beagle lastnight and the reinstall didn't work??
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This is what you respond to Bungie? No mention of how once you re-install it will just error out all over again? No word on how you are working on fixing this problem?