We can play it, make three 2/1 fliers, gain six life, draw three cards, and then immediately gift it to our opponent so they'll have to sacrifice a creature, discard a card, and lose 2 life on their end step
(I should say, I havent played the game myself in 25 years, but the teenager who lives in my house is hardcore.) None of that is story, though
Log in RULINGS 2022-02-18 Phased out permanents are treated as though they don't exist
Ultimately, the ratio of your total number of counterspells versus other interaction versus your actual win conditions comes down to playtesting, personal preference, and the local meta you encounter
On the other hand, playing this card as early as possible gives you the best chances to move forward
x 13.5 in., this playmat also makes an excellent oversize mousepad for home or office.