Yes, I think it's bad. Spamming for your own self-interest and reducing the quality of posts on steemit takes away from everyone's experience. How would you feel if you wrote a high quality article that took time to prepare and research, only to find that it's being ignored because the hottest posts are plagiarised content and fake profiles?

Just because everyone wants to earn money from the content they post doesn't justify all means to achieve that goal.

Time also tends to solve very few problems, because it's just another word for inaction which let's the status quo play out. If the status quo is damaging, the problems will remain or get worse.