If you play multiple characters, you're already burning through materials leveling up / masterworking gear. Another limiting factor for infusion is needing gear that is a higher level so that controls how high you can go, but cores & total drops control how many pieces you can get close to your max seasonal power. When everything will be reduced to 200 to start next season why do we need a currency to regulate this during the season?
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I remember when they told us the currency system was overcomplicated and they were going to "simplify the system", there'd be no more gathering resources in the wild, Rahool would eventually phase the currencies out... They're all still there. I have Exotic Cyphers still sitting on Xur that I can't collect because there's nothing to spend them on. Same with my stack of Ascendant Shards and the other currencies from previous seasons that you can only delete one at a time instead of the entire stack...so I just never bothered. It's just so bizarre. They tell us they're going to do something, but it doesn't seem to get fully implemented, or they breezily just try and reinvent the wheel again.