I appreciate the constructive feedback Shaddows.
Firstly, what is poor taste ?
Isn't good taste just a matter of acceptance, that often evolves? (with maturity?)
I think that monitoring (real time) and automation and management are eminently doable.There is software online now which can adapt to this, combined with a webmaster tools account to monitor links
The first thing that needs to be done is a clear visible IBL.
As you say, that may deter some sites linking, especially the average quality sites but really these do not bring much traffic anyway.So little lost there, and it probably wont stop bad sites linking, who wouldn't bother to read the ibl policy.
However, although I have had no feedback directly, I am punting better quality sites will not be so shocked.
Edu and some Government websites, make contact with me and it seems to be a policy with some of those to seek permission before they link.
My problem there is that these sources are not set up just to pay a quick $5 paypal.
So cost structure is still being contemplated.Quite a few websites have site wide links and I am not sure this is to be encouraged.
I prefer a once up front payment.I don't want a continuing engagement and I doubt the linking party does either
I agree, that I only considered this idea because of the unique situation of this website.However, having thought more, I believe that this model or an adaption of it can be made to work for other information rich sites.
What I do think will happen, is that IBL policies will become the norm, and ethics will require websites to ask for permission before linking.
Especially if search engines keep penalising sites for their inbound links.