Why cloak affiliate links?

Question: What would be the purpose in cloaking or hiding an affiliate link?

Answers:
Some reasons:

1. To prevent people from realizing that they are affiliate links.

2. To allow you to change affiliate programs quickly and easily without changing all of your links.

3. To prevent competitors from tracking down that you are an affiliate and copying what you do.

4. To prevent hijacking of affiliate commissions.

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