You won't be able to ascend current gear after taken king? That's an absolutely HORRIBLE decision on their part.
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That is what they are saying.. out with the Old in with the New... I agree with you.. There is no way they can replace a Fatebringer, Gjallahorn, ect. Unless they put the same perks on different guns, but in my opinion would be a waste of time on their part. We will have to see