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I hear that in the upcomming future thier will be a rank reset, is this true or just rumors bieng spread for the purpose to piss people off
Not that I've heard of.Generally, rank resets are only done when there's another major update that's happening in Matchmaking at the same time - it's not usually just a stand-alone thing that's done on a regular basis. There hasn't been anything about it on bungie.net yet, and I'm sure that Bungie would have announced a Matchmaking update if it were going to be released in the near future.
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one update that has come to my attentionm that might cause a reset is no modding and host ban if maybe not now it will probally happen in january