I haven't looked at the source, but it should be easy to turn the crowdfiltering off or self-host if you have your own larger enterprise, no ?
It also depends on what exactly is transmitted. Transmitting all IP addresses in the clear might be bad, sending out hashes might be better ?
I think it's actually a good idea to try to detect those IP at scale. On your own individual server, you just see a million login attempts from a million different nodes on a botnet. But if you have millions of servers report the bad IPs and aggregate, you can see patterns and hopefully catch whole botnets.