It has a very strict requirement to activate its effect
You draw cards
Why is this card in the game? It's almost completely useless since there is almost not a single card that can remove that many cards from play and not immediately get sent to the graveyard. Only with the help of opponents can this card be activated, which can only work if your opponent even has any banishing cards to begin with. This may be the most worthless card in the game so far, even worse than insect queen as much as I hate her.
Potential synergy/usage options:
- Metaphys: an archetype that relies on banishing cards
- Different Dimension Capsule: probably a bad fit due to only banishing 1 card, but DDC does stay on field for two turns instead of going to graveyard
- Golden Castle of Stromberg: banishes 10 cards from your deck every turn
Although, yes, I do agree that this card is wildly useless due to the conditions.
The 4 or more banished cards isn't the hard part (that's incredibly easy). It's the no cards in Graveyard that's difficult. Metaphys will basically always have a card in their Graveyard beyond turn 1, be it a Gold Sarcophagus or Lupine or a destroyed Assym or Dimension. And even if you do activate it, it shuts off future copies.
Even then it wouldn't be "really" useful. You'd have to draw Macro Cosmos at the very beginning. If you draw it later, your GY isn't empty anymore. And you have to protect Macro Cosmos and wait some turns. That card is too slow and too specific to be good.