And why is that again? I want to understand that argument.
In case of DDoS scenario: Well, too late, traffic already served and server already done the workload.
In case of password brute forcing: Well, then implement a latency, or cryptographical challenge to delay it more efficiently.
In case of "evil" human: Well, if a human can get past your security so easily, then your approach to security through obfuscation might be wrong.
So, again, what is the scenario where a captcha helps you to avoid being "attacked" by malicious actors?