Are Most Link Extractors (Including WordPress Comment Link Extractor) Wrong?

Are Most Link Extractors (Including WordPress Comment Link Extractor) Wrong?

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Most link extractors I know, including the function in WordPress to linkify comments, incorrectly assumes that any text containing http:// is a hyperlink including obvious mistakes like the following:
I propose a new protocol starting with phttp://… What do you think?

phttp is not http protocol and it should never be treated as a link. Unfortunately most [...]

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