Expired Domain to Web2.0 earn by blogging adsense income

Hello, If i buy a expired Domain and Link this Domain to a Web2.0 Site like Tumblr for example so that the Domain is hosted at Tumblr.com post a few Blog Posts (Pictures) and Place a Link to my Money Site in the Sidebar of this Tumblr(Domain) this should generate a lot of Links to my Money Site. Is this correct ?

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