Hm. This would certainly give poor Banshee a purpose aside from a few exotic bounties. Sounds like it would have to have a few caveats and fine print though- probably no exotics and rares. I could easily see people spamming this too to get the uber perks for everything... but then that possibility exists with IB as well.
Good idea OP. I like it
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Yeah, and then motes of light will be more valuable too. I never did anything with them and used them to reforge Timurs Lash to have a couple perks I like. I don't mind the recoil but like quicker reload and a bigger mag. Someone might want to increase range and a better recoil. Some say it may make guns over powered, but weapons through RNG have different stats than what you can buy from a vendor and it isn't game breaking.