Comment to Spammers must be disincentivized.
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Hiya Eagle Eye. You're right. UBB Forum Software, too. (Which stood for: Ultimate Bulletin Board) also had this "delay" feature.
I remember UBB from the late 90's. Before forum software had an sql database, they just used cgi/perl scripts and flat html files for storage.
Sadly, there is now a whole industry which promises clients top spots in the search results. Which they think can be achieved by repetition of links - even on pages where the links do not fit the context. But the main search engines are catching on and can actually punish such contrived "link popularity".