There are already a few cards in the deck that Scry, but just having Elrond around for his second ability means you get to draw more cards and outvalue your opponents
Effectively, this a blue ramp spell, since it does put you ahead of curve if you cast it on your third (or even second turn thanks to a turn one Sol Ring)
My guess is that many people sending big lots of unsorted, mixed-rarity cards (especially from more recent sets that don't have many high-value commons or uncommons) will probably come out ahead by excluding bulk rather than hoping that they have enough valuable commons and uncommons to make it worth paying the fee, especially considering Card Conduit will still look for high-end cards like Aether Vials and Eternal Witnesss that might have accidentally slipped into your draft chaff, even if you chose the exclude-bulk option
The remaining ARs I needed from that set have been purchased and are sitting in my Blackship warehouse
While we don't believe for a second that this is what'll be the norm for 2022, it's still a disconcerting sell from a company that's making money like never before in a game with constantly elevating costs and a worrying trend towards oversaturation and power creep
Plus all the normal shenanigans a blink deck brings to the table on its own, of course