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As detailed by the Commander Rules Committee, these are the banned cards in the format: Any card using the keyword Ante Any card permanently removed from the game by Wizards Any cards with the Conspiracy card type Ancestral Recall Balance Biorhythm Black Lotus Braids, Cabal Minion Channel Chaos Orb Coalition Victory Emrakul, the Aeons Torn Erayo, Soratami Ascendant Falling Star Fastbond Flash Gifts Ungiven Golos, Tireless Pilgrim Griselbrand Hullbreacher Iona, Shield of Emeria Karakas Leovold, Emissary of Trest Library of Alexandria Limited Resources Lutri, the Spellchaser Mox Emerald Mox Jet Mox Pearl Mox Ruby Mox Sapphire Panoptic Mirror Paradox Engine Primeval Titan Prophet of Kruphix Recurring Nightmare Rofellos, Llanowar Emissary Shahrazad Sway of the Stars Sundering Titan Sylvan Primordial Time Vault Time Walk Tinker Tolarian Academy Trade Secrets Upheaval Yawgmoths Bargain

The counters it gives out are valuable because players will already have enough counters to pay for its second ability
You lose half your life, rounded up
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Beginners in Magic really dont need much space at all