I'm one Dreaming City Ghost Shell away from Cursebreaker and have been for a while now, and actually, I'm fine with cosmetics being the rarest things in the game because if it were the other way around with the actual useful and functional items being the rarest, the community would lose their f***ing minds.
It's already bad enough with the state of Forsaken exotics. People even bitch and complain about quest lines that give DIRECT ACCESS to some of the best exotics in the game, no RNG involved, unless you wanna count certain skill thresholds (whether it be PvP or PvE skill) that you may struggle to overcome as your own personal gaming ability that the RNG of the universe doled out to you.
With all of that said, there should be protections in place to prevent the "hopeless grind" for some of these items, protections such as those implemented for the NF rewards, increasing your chance to get the reward after every attempt.
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This is the exact reasoning why Bungie made cosmetics the rarest items in the game. They don't affect gameplay between players and it only affects you if you make it affect you, by chasing after them. I tried saying this, but nobody seems to understand.