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In defence of newspapers and serendipity
it was thought that links and readers(page views) went hand in hand--that is, until some enterprising folks found ways to rig pageviews...
To get rank, one had to have a combination of permalinks and post links. Permalinks being those in people's blogrolls. Post links being those links in posts. Those are all crunched in some calculation to give you rank/authority/your position in the "--list" in the blogosphere.
There was also some other "popularity" thing brought in...but I have no idea where that measure came from...
But nowadays, blog success isn't necessarily predicated solely on rank. It can be a combination of traffic (as in page views, another disputed measurement), comments, links (both perma and post--that is, if perma still exist) or other criteria. In a world of RSS readers, trackbacks, Google Page rank, and other means of measuring influence, the notion of influence and authority being measured strictly by links isn't what it used to be.
I'll be posting more on this later at my blog.