I would love a permanent 3rd person option. If people believe an optional 3rd person mode would break or unbalance the game, I am sure 3rd person would come with its disadvantages in pvp. I already carry scorch cannons around in patrol just so I can explore in 3rd person. Only a matter of time before bungie impliments it.
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I have done some testing with the scorch cannon to see the difference between 3rd and 1st person views. One thing that I've learned is if you're in 3rd person and you have someone right behind you they will not appear on screen. In short you are still vulnerable to ambushes in 3rd person as you would be in 1st person.