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This is the issue with the internet not being anonymous anymore.
Spam accounts don't matter if it's just one person posting across multiple accounts. They still have the same posting power, whether they post it all on one account, or post it on a million accounts.
The only problem is bots. And there are better ways to identify and stop actual bots than limiting account generation by phone number.
The thing with phone numbers isn't to stop spam, it's to force people to use only one individual account. There are many reasons a website may want to do this, some more nefarious than others, but it sucks.
I like Reddit in the old days, when you were almost expected to have a billion accounts to post from. It allowed people to freely express themselves and created actual discussion.
That stupid lizard Zuccc ruined the internet
The minute that asshole convinced everyone to use their real details online was when the culture of being called “silversheet123” and refusing to give over any personal information because “never trust anyone online” ended.
Lifelog Psyop worked bigly.