A lot of games have multiple currencies, it's a way to simulate more activity. However, in these games, the two are not interchangeable and in most, one of these isn't even tradable or convertible to another.
I think the implementation of power is wrong in this game. One shouldn't be able to buy/sell/trade power and tournaments shouldn't allow both power and gold as entry fees.
Gold should be the result of paying $. Power should be the result of playing/winning.
Gold should allow you to buy singles or optimized packs (based off expansion and/or domain) as well as enter gold-only tournaments that reward more gold. Power should allow you to buy less optimized packs (drawing from the entire card pool or packs having less benefits than gold packs: less chance for odds/rares, less uncommons, less cards) or join in power-only tournaments that reward more power, unoptimized packs or less gold than gold-only tournaments.
You've also forgotten about the third, mysterious currency... Acorns. I think acorns should be awarded instead of phantoms, these would allow you to buy cards off the market at the current gold price, but you pay acorns instead of gold. You don't get the card from the market, though... you get a phantom. Then, phantoms would not be allowed in gold and power-only tournaments, only free tournaments, like the EC.
Just what I think...
Anyway, the reason behind multiple currencies is giving non-paying players a competitive chance in the game without taking away the benefits of the paying players who directly contribute to the game's exisitence. A paying player gets cards more easily than a free one, but that does that mean that a free player can't get all the cards for himself without more effort.
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