Yes and the reason is simple. In order to ascend exotics to year one all you need is an exotic shard. These can be purchased on the cheap from Xur.
Bungie seems to have no issue with us ascending exotics and makes it very easy to do so.
Why then should legendaries be any harder to ascend? Why make etheric light so rare?
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If everyone was able to get that so easily then people would have hit 34 on all 3 characters in the first week and then been done till next dlc
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And is there an issue with having all 3 at 34?
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Nope but having them there so easily there is
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Because you can use more legendaries than exotics.
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I use exotics for my primary.