WoW uses a system where a characters name can get available again if a player hasn't played for 2 expansions (which is around 4 years). Seems fair to me in WoW, but in Destiny they have to cut it down of course to 2 years (1 year per expansion).
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For a character its after 1 year not 4. Unless they changed that recently. I think a clan in WoW was after 2 expansions.
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This actually sound fair! 4 years is enough time