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As both a useful and fun exercise, I thought it might be helpful for us to post a worse fears and then hopefully learn from others who have more experience (and logic) how our fears should be dimissed as nothing more than a scary SEO campfire tales.
To keep this somewhat intelligent, please post your Google fear and also venture to explain Google's reasoning.
--- I'll go first ---
Adsense Login Paranoia
I'm paranoid that G logs my IP address from Adsense login and matches that IP address against searches I do in Google to discover what my keyword interests are. It then examines my site's content with my submitted keywords from search to see if there is a match between my site's content and logged keyword searches. Then, if it finds something about my site content it doesn't like, G applies filter penalties that are more severe than none Adsense sites.
Why I'm Paranoid:
I have this paranoia because I worry that somehow Google believes that both having AdSense account and searching in G for your site's keywords is somehow an indication of heavy SEO activity. In my mind, I imagine that G's ideal adsense publisher is a site owner who places the ad and goes on with their business without concerns of how well their content does in SERPs.
Hey.. I said I was paranoid.
Okay.. anyone else here with paranoia. Please share and perhpas we can learn from those among us with better experience and sounder thinking on search engine matters.