I would assume they would add additional pages to the vault, as it works with your friends list and currently players list.
Another possibility is that they could split the vault into three different vaults. One for inventory items, one for weapons, and one for armor.
EDIT:
Many thanks for all the replies and opinions!
Can we make it to the trending page??
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2 RepliesEdited by JasonX1: 3/6/2015 7:25:02 PMHow about this, instead of adding more vault space. I think that most people that want more vault space, don't want it to store weapons for future use. They just want to keep them kind of as trophies because of the feeling of accomplishment that they had when they received them. So how about Bungie create sort of a trophy room or checklist for every exotic and raid item? You could access it from in game or the app and it would show every exotic and raid item in the game grayed out. Then when you acquire one of the items, it would show in full color, even if you dismantled it. Maybe there could even be an achievement unlocked if you collect every item per content release. That way Bungie wouldn't have to increase vault space and we wouldn't all have to be digital hoarders. This would even be a benefit for Bungie, because more people would play for longer to collect more items to complete the list. What do you think? Would this be an acceptable alternative?