Having vendor ranks with Xur, Zavala, Shaxx, Drifter, etc. was a much better system than what is currently in the game. The Vendors already didn't have much soul in them before, but now they're hollow. There is no point whatsoever to truly visit these vendors and engage with them, besides Xur, Zavala, and Rahoul. Even then that experience is bare.
Having us rank up a vendor showed our gameplay time being invested and what we were getting out of it. It was a way to earn rewards and bright dust. I want to see that the way I engage with the activities is working me towards aspirational rewards over time.
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Actually I’d have loved it if they had both. The more resources we get in the game the more we can build and experiment. Resource rich environment means we have the means to truly play our own way. Just give us more sources. Don’t remove the portal rewards and all that jazz. Keep it. Just bring back the old systems you mentioned. Give us more! more More MORE! Rain down those upgrade materials!