Personally, I think that blasting back a very loud high pitched
sound would be better.
Maybe, if it weren't for the fact that most of the calls I get
nowadays start out with bots that ask me to press a button.
Apparently they have figured out that is much more efficient than
wasting a real person's time for the initial contact.
Each call requires a line and there are only so many hours in a day.
So if I can tie them up for a few additional rings (especially
without hearing the phone ring on my side), I'm at least wasting
their time. Apparently many people upon seeing the caller ID
anonymous/spammer call just hit the off button that turns off the
ringer, that's what I do now. Considering the fact most people do
that, muting the ringer might be a better feature than most
telephone makers think. Many other people probably would enjoy
seeing the phone flashing without hearing it ringing, knowing that
it's a spammer and the phone is going "ring ring ring" without
actually being bothered by hearing it. Besides, there is some
potential benefit in seeing the flash, just in case you might want
to pick up the phone when a known solicitor calls.
A very smart phone would let it ring for awhile and then press the
buttons they ask to be pressed and then give a fake address or
strike up a conversation if my bot reaches a real person. Of course
it would be a dumb bot conversation, but that's okay.