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The value of private registration varies.
Sure, it can seem like a good idea to hide your personal information. However, if you intend to build and submit free sites to link lists, it's something you really do not want to do. Many link lists will decline your submission for having private or anonymous domain registration information. LL owners like to know with whom they're dealing.
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"If you're happy and you know it, think again." -- Guru Pitka
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