The idea here is to generate enough storm to mill your opponents out or mill yourself to cast a Thassa's Oracle and escape it from the graveyard with Underworld Breach to win the game
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So effects that cause you to discard your spells with shroud still work unless the card in question is Quagnoth
You also get to play with Wrath effects in aggressive decks
I mean, sure, youve got Rekindling Phoenix and Glorybringer or whatever, but to just shut off the vast majority of creatures indefinitely
Outside of constructed, the card is powerful in Commander especially in the 99 if you have a low enough mana value to return these to play