Yes, you lose some life every turn, but The One Ring is also indestructible, making it extremely difficult for your opponents to interact with, and you really should have some bounce spells to maximise the potential of The One Ring (and to not lose too much life)
Voidmage Prodigy Dream Chisel Aphetto Runecaster Ixidor, Reality Sculptor Riptide Entrancer Deathmist Raptor Whisperwood Elemental Aphetto Alchemist Dermoplasm Vesuvan Shapeshifter holymanox on Animar's Traps 8 years ago Thanks for the input
Discard a Special Energy from your opponent's Active Pokemon
You don't need to hit that ceiling very often to have a removal spell that is significantly more rewarding than the alternatives
Any pleasure, when taken to excess, becomes torment
This type of trigger rewards you just for casting the creature