No, no one should be banned but they should not even release the hard raid till all the cheese is gone because I don't want the Mythoclast incident to happen all over again.
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So everyone now has to wait for content to be released because some people refuse to play the challenges as intended. I'm having to wait a month for hard mode so there is time for this crap to be found and fixed before Hard is available. That is crap I'd rather have the content I paid for and cheaters banned for cheating. Instead of letting Bungie take advantage of its community by having it player test it's content before a hard mode release.