Go read that answer. Jennifer Edeburn’s answer to What is Quora’s policy on the use of links?
And until people actually start getting reported for bad formatting, because they use inline links instead of endnotes, I’m going to keep using inline links. Like almost all answers I see.
While there is no policy against too many links per se, the spam bot can also be triggered by too many links. In fact, that results in the instant deletion of an answer. I successfully appealed the deletion when it happened to me, after removing all the hyperlinks.