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The only thing I can really recommend first - although I guess separate threads would be advantageous - is to do a quick search of the board for previous threads on the same subjects as every one of your points has been discussed in great detail by both submitters and LL owners numerous times here.
To re-emphasize one common answer though, that most LL owners and experienced submitters will always agree on, is that individual sites and submitters always have lots of options and there is always the choice to submit or not.
Trying to change a proven business model would be better accomplished by running ones own business (link list in this case) and trying different approaches until you are happy with your own model. You might find that some assumptions made in the original post are clearly just wrong, but that information would only be available to those that have tried, failed, succeeded and then will build their own biz to continue succeeding.
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