Nofollow or dofollow? That's the dilemma.

Not just quoting Shakespeare, but putting something real into words. People are often torn between choosing dofollow or nofollow links into their blogs, both in the comment section and in their entries?

Where's the compromise then?

USE DOFOLLOW FOR:
1) your site internal pages (inner Pagerank is important!)
2) your family blogs and best friends (use the rel=friend too)
3) your blogroll
4) your commentators (it'll get you more commentators!)
4) your other sites / blogs

USE NOFOLLOW FOR:
1) paid links
2) non-important links
4) bad neighborood links

Follow these simple tips and you'll see how much your Alexa rank and Pagerank will be benefited. :) Good luck.