It doesn't copy whether that creature is tapped or untapped, whether it has any counters on it or any Auras or Equipment attached to it, or any non-copy effects that have changed its types, color, power and toughness, and so on
Since you will be sacrificing artifacts to Flamewars ability (ideally treasure tokens), you might as well get some value out of it
Sacrifice after III.) I This Saga deals 4 damage to any target
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However, even its abolition (while a significant damper) would be not guarantee a counterfeit-free world
That is not really what this deck does