I'm one of those who took down the entrecard not so much because of the bounce rate (which was like 80 plus %) but because it wasn't worth my time to moderate. Visiting other blogs, clicking through, answering ads, then it was odd when I didn't have an advertiser. Also, I found that many people who wanted to advertise on my blog weren't appropriate for me - very few were. Overall it just took up too much time for little return.
I'm still looking for something in the shop that's worth my spending my accumulated credits on.
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