Pay The Highwayman

Whenever a creature enters the battlefield
under anopponents control, you may pay {1}.
If you do, each opponent loses 1 life and
you put a coin counter on Pay The Highwayman.
{1}{b}, Sacrifice Pay The Highwayman:
Draw a card for each coin counter on Pay The
Highwayman. Then discard a card for each card
drawn this way.
Your money or your life? I'll have both please.