I'm not sure if its the matchmaking and joining losing games in progress over and over again, the bounties only rewarding loot at one light level above your current level, or the severity of the light level deference's. If I'm being honest with myself it's feels like a combination of all listed.
I don't remember playing iron banner in destiny and seeing it be this bad. I cant be sure honestly.
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It’s not worth doing anymore. The armors ugly as a hairless cat (to me anyway), most of the weapons are mediocre and it’s all in all a terrible experience