I think you're spot on. This will block and inconvenience legitimate users while fraudsters have no problem buying more phones.

Not a useful direction for real end users.

The GitHub one I recently tripped on was the worst of all time. Part one of 9 or something, which of these three next sounds are bees? Or some small man rotating around spaces on a map. I have an eInk screen and it was nearly impossible to see. Extremely painful and ridiculous.