I believe it's only a strategy that works in the short-term. If you ever expect the software to be stable, quality, and human-maintainable, you're going to need a good test suite (hopefully not AI-generated) to get away with that little ownership of the code. That said, this is great for prototypes or throw-away software, provided you don't mind being entirely reliant on an LLM for maintaining the code (speaking from experience, a human usually does not want to touch a fully vibe-coded application that they've never reviewed).

If I'm wrong about this, I would expect to see a new field of LLM-automated software engineering with at least the same level of rigor and quality as the existing human-led processes, and in the absence of this, we're just further degrading software quality for dubious gains (is it to go "faster", is it because we are being compelled to by leadership, is it out of fear of being left behind by competitors?). I can't imagine any other engineering discipline as critical as software being "vibed" - if I had learned that the local bridge had no human inspection, simply was "vibe-checked", it might be a good bridge, but I'm not going to be the one to test it.