In case someone as been lucky enough to never have used hCaptcha, it looks like this: https://twitter.com/shaunkruger/status/1660671272672722945
https://www.vice.com/en/article/xgwy5n/captcha-is-asking-use...
edit: ah they seemed to have removed all traces of the token stuff from their website, except some small remains in the docs - https://docs.hcaptcha.com/faq/#what-is-one-hmt-worth . I guess they pivoted away, reasonably.
hCAPTCHA has always been easily solvable for me, haven't seen the one you linked yet but that also looks quite trivial
Ideally one just doesn't use CAPTCHAs at all, but my colleagues disagree and so that's unfortunately the company policy to recommend against login brute force and such
In other words. It's not anti-piracy mechanism, it's protection against account stealing.
It's a nuisance obviously, but for such a tiny fraction of people, honestly not bad if they notice that they got phished or use a password guessable within a handful of tries.
Also, Arkose Labs CAPTCHA (what HBO Max is using) is awful, please don't use it. There's reCAPTCHA, hCAPTCHA, mCAPTCHA, and now even Cloudflare Turnstile. Or better yet, recognize your costumers can still download the movie for free whether your service exists or not and adapt your strategy to provide them with content easier :)