My game of NOT giving embassies is far enough along for some results:
It's totally ineffective against spying; at least if your capital is coastal due to the long sight range of Caravels when come out around the same time.
It does however appear to be extremely effective at avoiding having the AI trying to "colonize" your landmass.
So overall, I'd suggest for those for which having the AI stealing your techs bother you even when you have your own spy present with max promotions and all spy defense buildings for your tech that you simply turn it off until some future patch fixes the current imbalance of favoring offense over defense on advanced settings.
It does however appear to be a very good idea for those going tall to avoid establishing embassies with anyone until the game mechanic rule makes it impossible to found any cities within 6 hexes of your capital. (AI's founding a new city logic thinks it could actually work the tiles you are already working and your embassy has given them visibility of the tiles within the cultural boundary of the capital.)
It's totally ineffective against spying; at least if your capital is coastal due to the long sight range of Caravels when come out around the same time.
It does however appear to be extremely effective at avoiding having the AI trying to "colonize" your landmass.
So overall, I'd suggest for those for which having the AI stealing your techs bother you even when you have your own spy present with max promotions and all spy defense buildings for your tech that you simply turn it off until some future patch fixes the current imbalance of favoring offense over defense on advanced settings.
It does however appear to be a very good idea for those going tall to avoid establishing embassies with anyone until the game mechanic rule makes it impossible to found any cities within 6 hexes of your capital. (AI's founding a new city logic thinks it could actually work the tiles you are already working and your embassy has given them visibility of the tiles within the cultural boundary of the capital.)