Forum Moderators: Robert Charlton & goodroi
If your link exchanges are so many that you need a directory structure to create your link pages, you might want to block bots outright or use rel="nofollow". Otherwise, I wouldn't bother worrying about the current paid link atmosphere - especially if you are not exchanging with just any old site but exercising discretion.
There is a stronger reason you might want to take some measure, however, especially with a large number of outbound links. How well can you monitor all those target sites? Not just for link rot 404's, but for a trget site changing ownership and ending up as part of a bad neighborhood? Too many outbounds to dicey sites can hurt you and that has nothing to do with link selling.