How does Google treat sites where all external links are no-follow?

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Published on February 24, 2011 8:19:52 PM ● Video Link: https://www.youtube.com/watch?v=EnVEERmbdpo

Duration: 2:56

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How does Google treat sites where all external links are no-follow? I understand the purpose of no-follow is for webmasters to indicate which links are paid, but when sites like Wikipedia make EVERY outbound link no-follow, that defeats the purpose. John T, Denver

Russian subtitles translated by Mike Shakin.

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google

seo

nofollow