from wikipedia
The CAPTCHA system is a tool that automatically generates new problems that:
* Current software is unable to solve accurately. * Most humans can solve. * Does not rely on the type of CAPTCHA being new to the attacker.
I myself am not good at Captchas (at least based on images), and for me it looks like current implementations don't fill out the βspecβ above. Many widely used implementations can actually be solved with software. I, like most people, and I canβt solve them ... (subjectively know)
I would probably try to implement a system in which users can flag material as spam, which I would delete. Yes, spam will be visible, but not for long, without entering the administrator himself.
Think about it, the reputation and voting system here at SO quite effectively reduces the impact of spam when questions are closed and voted down => lover visibility
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