That is about as good an argument as “e-mail has led to spam, so what good is that?”, and certainly no better than “subscription-based publishing has led to publisher monopolies, so what good is that?”. Fraudsters are everywhere where there is something to be gained from fraud. The answer is to guard against them, not throw away the child with the bathwater. Personally, I have never experienced much trouble distinguishing spam from proper opportunities so far. This blacklist is one helpful tool among several; common sense, healthy reservations, and backbone are others.
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