Not a very elements-y name, is it? I wanna yawn just looking at it. This is a FANTASY game! How about Forbidden Magic/Ancient Magic or something? Because the first one is really cruel x)
Even something like Tapping Pergament/Power Scroll would be more mysterious.
As for balance, I love it but the upped one is pretty darn abusable as decks can get a lot of fast quanta when upped. I personally love the drawback mechanism and would like to see it in both versions.