The original justification for the banning back in 2011 was that two damage for three mana (thanks to Grove of the Burnwillows forcing the opponent to gain life) was a bit too good, especially against decks featuring small creatures, which Punishing Fire was keeping from the format
This was used as part of a Japanese tradition called hanami where people would gather in groups to view the new blossom that had arrived on trees
All the cards are at parity except Lingering Souls, which you really dont want to discard
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But it's still only one creature, so if it's destroyed, there's one trigger for a creature dying, even though multiple creature cards will enter the graveyard from the battlefield
In the modern collecting game, its all about Rainbow Rares (a rainbow recolouring of some Pokmon and trainers), Gold Rares (a select number of blindingly sparkly bits of cardboard) and the big daddy: alternate art
