This doesn't sound right at first thought, but when you realize that with more opponents there are more targets to choose from, in theory everything equals out
Add the fact that this enchantment is indestructible and can become a massive creature, and you have a strong card or even commander
Casual players love this card and a single well placed strike can wipe out an opponent's entire board
For just 2 mana, it tutors one of the best equipment in the deck, and it ensures you never run out of cards when you pair it with fodder like Doomed Traveler
The fundamental reason these cards exist is for playing with your friends for fun or to compete in tournaments
However, the cost is 3, which is a burden, and there is no correction value, so passing the test is a bit difficult