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the search engine traffic helps. but we're not just talking about your freesite getting picked up by SEs. linklists as a whole are extremely SE friendly and get a shitload of traffic from SEs.
SE traffic is better quality than say trade or feeder traffic on a TGP.
you also mentioned the amount of free porn is higher on a freesite. you're right, but it's not that much higher. most freesites only have 20 pics, so that's only 4 more than a gallery. and in return, you get up to 4 times the ad space.
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