I’m a hyperlink maximalist: everything should be a hyperlink, including everything that is hyperlinked by the author, everything that isn’t hyperlinked by the author, and the hyperlinks themselves. Words should be hyperlinked, but so should be every interesting phrase, quote, name, proper noun, paragraph, document, and collection of documents I read.
An interesting thought experiment (or concept idea?) by software engineer Linus about hyperlinks, the backbone of the independent web, published on his wonderful micro-blog.