> it comes from the fact you're clicking with the intention of defrauding someone.

You're defrauding nobody. People purchase visibility and clicks when they purchase advertising. not conversions or sales.

>People purchase visibility and clicks when they purchase advertising. not conversions or sales.

Again, you're ignoring intent in all of this. It's not illegal to default on a loan, or even to refuse to pay it back (eg. bankruptcy), but it is illegal to take out a loan with the specific intent to not pay it back (eg. if you know you're planning on declare bankruptcy right afterwards).