In some TWAB Bungie said that if after the Whisper of the Worm buff it won't be used either - they'll think about moving it to a special slot, it seems to me that time has come. In the special slot it will be able to compete for Izanagi, now it can't.
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No. Then it will do less damage. I think we need more heavy snipers to compete with LFRs. What Whisper really needs is an actual ability. They can’t buff it, because “be best DPS weapon” is not an interesting exotic, it just hurts the game’s balance. Maybe they could add something like “while you have an applied restoration or radiant effect, White Nail will not consume rounds from reserves.”