Nerfing Gjallarhorn won't fix the problem. People will still demand it, maybe even more so now that it's dps is being reduced. In theory it sounds like a solution, but in reality it'll make things worse. It makes no sense... Unless...
Unless this has a deeper meaning than just numbers on a screen.
Bungie realizes the main allure of their game has been the want for the strongest weapons in the game. With Year 2 were getting new exotics. And how do you make people want those weapons when they already have the strongest guns in the game? Make the new ones stronger? Risk a massive shift in balance? Or nerf the strongest weapons?...
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Making new ones stronger would make all the old ones obsolete and that's also bad.
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It's obvious that Bungie wants to make Year 1 weapons obsolete and lesser than Year 2. They don't want you to be able to ascend Year 1 legendaries. They want Year 2 exotics to be more prominent than Year 1 exotics.