It's an ubiquitous win condition, that requires lots of green ramp (or green-mana hungry tutor effects) to put into play
It gives a stats bonus when it attacks, which on its own is good, but I dont ever see this being a prominent commander
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However, that means there was no thought about balancing it around using additional copies of The Ring to effectively reset the burden counters
Still, casters should be aware that Blasphemous Act is easily stymied by indestructible and regeneration effectsand even protection from red for that mattersince it's damage-based