This has changed in recent years as Wizards of the Coast has been upping the power level of newer sets while also extending the lifetime of cards in Standard, but Standard is still the best format for players wanting swift changes
Its similar to Orcish Bowmasters, where someone clearly wanted to push back against rampant card advantage, but overtuned the answer and produced something that needed to be banned from the format it was created for
Swiftfoot Boots is another great piece of protective Equipment, but its been printed so often that copies are only about $1
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Sometimes (particularly for base set cards), people will stamp a card with their own 1st edition stamp