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Faithless Looting itself scales with discard effects, you can discard it for more value than a lot of other cards when you have another active looting effect and it doesn't even put you at much risk of having all your discard outlets dealt with

Considering you're already running a bunch more artifacts between ramp purposes and other Equipment you obviously want to include in your Equipment-themed deck, and you've got yourself a pretty heavy-hitting creature

You can use it to force someone to spend their last two mana, clearing the way for you to cast something else

He has a lot of unique directions and possibilities to build around