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> SSL certs cost money. This one works the same. etc..
Uh, no, actually CAs provide some weak assurance that the certificate is the real one and associated with that server. A self-signed one provides none. If you can't, in some way, authenticate the certificate then SSL is not any better than sending data plain text. It's not that I approve of the current SSL PKI regime, but it's still better than none.
tim