At the beginning of your upkeep, you may choose a card type. If you do, each player sacrifices a permanent of their choice of that type.
"Why fight the world when you know who will win?"
—Nissa Revane
(01/10/2009)
You don't choose a card type until the ability resolves. Once you choose a type, it's too late for players to respond.
(01/07/2013)
You may choose any card type. Choosing anything other than artifact, battle, creature, enchantment, kindred, land, or planeswalker will result in no permanents being sacrificed, though, since these are the only types permanents can have.
(01/10/2009)
First you choose which permanent you'll sacrifice (if you control any of the chosen type), then each other player in turn order does the same, then all chosen permanents are sacrificed at the same time.
