You could use it on a creature you control to get some card draw, or force an opponent to draw the cards and lose the life
Chishiro, the Shattered Blade does its best to sell the idea of a Modify deck: it rewards you for playing Auras and Equipment by giving you creatures and also adds counters to modified creatures to set up +1/+1 Counter payoff cards
The List went away, so we are finding other ways to get those cards to players
Not a ton to say about the Ascendant other than it's an insane value in the decks - or formats - that can take advantage of it
The design was obviously top-down, but mechanically it plays well, so it was the perfect marriage of function and flavor
(Another aside: I seem to have this compulsion to tell the same stories over and over again - oh wait, you read my column, so you already know that.) Yes, but you haven't heard the one important point