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You can get counters in some Magic sets, but most often players use other objects as markers

Not surprisingly, the card hasn't been reprinted since 1993 (the very first set of Magic's existence), although there was a Mystery Booster card printed in 2019 called Problematic Volcano which effectively serves as an homage to this card, and according to Ethan Fleischer, a mechanic that worked in a similar vein was experimented with for Theros: Beyond Death in 2020

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That sorcery comes from somewhere