They've made Black Hammer not worth having!
Nerfing it would be doing something like:
* reducing its stability so you are less likely to get the 3 precision hits necessary to trigger the Whitenail effect
or
* introducing a percentage chance that - even when triggered - Whitenail - may have no effect
or
* simply decreasing its damage.
But with such a small ammo reserve, what Bungie have done is make Black Hammer not worth the vault space. It's ruined.
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Hours played per player is artificially going up with these nerfs to the best weapons in the game. Only reason for these nerfs. Doesn't everyone feel legend shooting such mediocre weapons now?!?