There are 2 traditional approaches to this style of gameplay
It isnt a direct replacement for Phyrexian Altar, but it is a neat little backup with its own set of advantages and disadvantages
You can also play into an aristocrats strategy, where you sacrifice your own creatures for your benefit, using your Humans as a resource to drain your opponents' life totals without even going to the combat step
Honorable Mention #1 - Jaya Ballard You want to make mana if you are here for your burn spells, right
In a nice bit of acknowledging the literary origins, Aladdin is even drawn as a Chinese man with Chinese garb, reflecting how it wasn't actually part of the 1001 Nights collection and was added by Chinese merchants
Legality depends on the tournament format -- Tempest Trapper can be legal in some formats and banned or restricted in others