I hear people say there are so many belts and so many weights there arent any real champions anymore, but is it such a bad thing?

if we consider 4 belts as the worth having belts

(i dont think anyone who knows anything about boxing would really consider some of the world championsip belt holders as real world champions, not that I am knocking winning one as an achievement, i just dont think a WBU (for instance) world champion can really say he is a full world champion )

so, is having 4 belts such a bad thing?