However, I do think your points are moot, and my real understanding of targetted advertisement is that attribution is required only to steal the attention of the people paying for the ads, because unique attributions means you can send new numbers every single day, or even make a new mail at every conversion.
So in my understanding, losing attribution only reduces ad buyer's attention, but it doesn't actually decrease effectiveness.
Edit: But I totally agree that I have a very poor understanding of advertisement, so I'm genuinely interested in hearing more