All of these are completely valid and interesting methods to play Volrath, but I think the uniqueness of Volrath really shines when we consider the completely ridiculous variety of counters he can abuse
A more recent innovation was the realization that we could just include activation instructions of a modal activated ability up front, before the modes themselves
(2016-06-08) Players can respond to this spell only after it's been cast and all its costs have been paid
7 - Searing Blaze Searing Blaze offers a good cost-damage equation when considering the ease of enabling Landfall early in the game, and dealing damage to a creature while dealing damage to the opponent is precisely what red decks want to increase the pressure on the opponent and leave the path clear for their creatures
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While it certainly wasnt beating the unplayable charges in Standard, The Deck of Many Things is much more viable in Commander, where it can serve as a late-game value engine