This is a serious question. Twitter is a tool to engage with your community, in fact it doesn't make any sense if you don't have a community, as I said in my Web 2.0 history talk. If your community is in Facebook, mailing lists, MySpace, a Battlestar Galactica fan site or for that matter the local coffeeshop or pub, there's nothing wrong with that.
But I hope Twitter doesn't turn into Myspace with all that 'thanks for the add' nonsense. It's not a competition to collect as many friends as possible. And anyone who follows thousands and thousands of people can't actually be following them can they? So relax. And interact. I mean really interact.
Gorman suggests one way to find out if an account is actually interactive is looking at their @ replies in TweetStats.
I think in part the stats obsession is about status, and in part it’s about extending a tired broadcast model of audience and demographics into the online world. In social networking, what matters is not number of followers, what matters is whether you are engaging with your community. It’s about engagement and influence, not racking up a high score. When I see someone who “follows” more than a couple hundred people on Twitter, I know they can’t possibly be engaging with them in much of a meaningful way. I just got followed by some “social research application” guy who follows over 8000 - to me that’s an immediate signal to click the block button, which I did.
UPDATE: Via FriendFeed I see that Bora had a good post related to this topic last year: PLoS - on Twitter and FriendFeed.
UPDATE 2009-03-29: I should mention that Biz Stone, a co-founder of Twitter, follows 186 people and has 3196 tweets. (He is followed by a rather epic 279,077 people). So when it comes to who you follow and how much you tweet, it's about quality, not quantity.
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