I agree with you. The only thing is that in this case the thief is not cashing the money. I think the behaviour as described by twist does not help the publisher at all, because these are clicks that do not convert which may trigger smart pricing. So the effect could be that although the publisher gets one paying click, subsequent clicks will be worth less because of smart pricing, having a negative effect on the total earnings of the publisher.
So clicking as suggested by twist is not in the benefit of the advertiser, but it does also not help the publisher.