I was having a discussion here : http://forums.digitalpoint.com/showthread.php?p=9058446 Let me know whether search engine can crawl this encrypted links ?
SEs won't index javascript encrypted links. You may want to try php obfuscating. But many people are able to decode php encoding / encryption so it's not a fool proof method Just read this a while ago http://www.web-freak.com/how-to-edit-wordpress-encrypted-footer/