Originally Posted by Nate-MM2

In a perfect world it may work.

The problem is the timeline required for record keeping and that the onus falls back on the affiliate that 'published' the images on his own site.

If the sponsor closes up shop there is nobody to fulfill the requirements of having to keep the records for 'x' amount of years beyond that point.

Many people have trouble trusting their sponsor to even make payroll the next month, trusting the sponsor to keep you out of jail may be too big of a stretch for some.