BlogSoc.com another AGLOCO?

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BlogSoc.com new bloggers community has introduced lately new way to earn money online. It is somehow similar to AGLOCO, but idea is very different. Members for various actions will receive points which determine what share in BlogSoc earnings they have. Now program is waiting until 1000 members to start paying. What do You think about this idea? Will You take part in this? In my opinion it is worth trying. I can't lose anything, and maybe it will develop into something really interesting.