Theres no format to balance it for, since its as legal as silver-bordered cards, but silver-bordered cards are actually designed to be played against each other
Rather than slowly building up a field of low-cost units, this card treats the hand as a launchpad for immediate, catastrophic board presence
Evoking even more nostalgia and likely serving as the primary driver of this cards price, the Expansion Pack 20th Anniversary [CP6] version of this card is a reprinted version making use of a card template resembling that of Gen 1 cards
Burn is already one of the best decks in Pauper, and Erebor Flamesmith makes it even better
Summoning sickness prevents a creature from attacking or activating abilities that require tapping
It won't do anything if you channel Boseiju, Who Endures, because the discard is part of channels cost