Yeah, they still work somewhat as in they raise the bar on how complex the bot needs to be.

Believe me, there’s tons of spammers out there that have captcha cracking bots. They’re just not as dumb as the basic skiddie that can barely make a http POST.

Captcha’s were supposed to separate bots from humans. Now it separates simple bots from complex bots.

Oh, and as a bonus, a lot of places hire people to create accounts and post spam for pennies.