The original Counterspell was published back in the very first Magic set in 1993, but in 1996's Alliances , players saw a new, more versatile counterspell
During your Main Phase, except the turn this card was sent to the GY: You can banish this card from your GY, then target 1 face-up card you control
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Its that Brainstorms drawback of having to put two cards back was actually upside in Flash, since the combo piece creatures were actually much better in your deck than in your hand
Smothering Tithe in particular plays very nicely with this card, letting you draw a card on each players turn in a Commander game