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Do you think its very helpfull?
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For people just starting out maybe.
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Will you join an affiliate program because of this?
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No. I want full control over all domains that are on the same server.
Webmaster 1 decides to redirect all his galleries/sites = IP gets banned at 100 TGP's/LL's. If I also submit to those TGP's/LL's I'm fucked because of another webmasters mistake. That's just one example.
It's not specific for 'free hosting', it's the same with all kinds of virtual hosting.