Seriously, look in your vault right now and tell me how many exotics you haven't used since vanilla d2, or since forsaken launched.
Cerberus +1
Lucky Pants
Oath Keeper
ACD/0 Feedback
Eye of Another World
I could literally spend hours just listing exotics nobody uses, and instead of fixing all these exotics that don't measure up, Bungie is taking the easy route and nerfing the ones that people use the most. I suppose it's easier to make every exotic lackluster then it is to make every exotic fun after the fact.
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I’m fine with exotics being buffed to make them more desirable but you can’t just repeatedly buff everything up to the level of the top tier exotics because it causes power creep. Items will have to become more and more powerful to be desirable and the game becomes gradually more and more easy thus making new raid/endgame content harder for Bungie to create while maintaining the difficulty.