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It is becoming increasingly difficult to consumate such arrangements. That is the distortion of the web. 4/17/2003 [webmasterworld.com]
PR has irreversibly changed the nature of the Internet. Sad...
'twas a time when sites were interlinked because they had some innate value to the person doing the linking...Now links are commodities to be traded and sold. Page Rank is something that is hoarded via JS, CGI and other tricks.4/12/2004 [webmasterworld.com]
What was once a symbiotic relationship is becoming a parasitic relationship. Google, via their dominance, has twisted the "natural linking" of the Internet...Google has turned virtually all links into commodities. Understand that. Links are now a commodity just as surely as eggs, pork bellies and operating systems. Google did not create links, but they have pretty well cornered the market on commoditized links, and they are using their market share in ways that are very much aimed at controlling others ability to trade in the commodity. 4/19/2007 [webmasterworld.com]
Just for a giggle I "helped" someone a while back because I knew they were trying to SEO their way into the top 10 for a related term. Sit back and wait a couple of days and BOOM! they were in the top 10. Let it sit there for a week or two so I could be sure I did it, and their SEOs would be all proud, then pulled the link. WHOOPS! it dropped like a rock.
...Google needs to request a patent which updates the citation model, where the website's importance is determined not only by who links to it, but also who it links to.
After all, a well researched academic paper points to authorities.
There is no reason not to sell the links to the highest bidder.
Playing devil's advocate here... if you limit your outbound links this way, you put a limit on the quality of your outbound linking, thus making your site less useful to your visitors and conceivably less attractive as a resource to Google.
find 3 worthy recipients and give them a nice big fat juicy link.
Link spam the hell out the web and watch the cash roll in.