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The value of all this will be driven by the people reading the profiles, not in the value the profile holder places onthe endorsements. I have personally always looked for a backup for an endorsement. I find that a single endorsement for a skill or trait is more likely to be perception based, but a second person confirming the endoresement provides a somewhat more realistic picture. This cannot be properly achived on a social media platform.

The LinkedIn endorsements need to be taken with a pintch of salt, part of the bigger picture. Here quality counts for more than quantity.