The poster, I do not think that Google adsense links is a phishing.
Can you tell me
what is phishing? Please educate yourself learning new meaning of phishing! If you don't know, then go look up Wikipedia explaining the detail at below link:
http://en.wikipedia.org/wiki/PhishingGoogle Adsense is a random
REAL BANNER LINKS that has paid by many real advertisers selling their products/service placing through Google Adsense advertisement contracts where many registered webmasters installed their merchantID of goggle adsense making money. Their merchantID turns into encrypted that no one can see.
Let me explain why Google Adsense link exposes weird encrypted? It is self-hidden merchandID that Google Adsense knows who it belong to. The fraudsters can steal the links placing on his/her fraudster's site making money.
But the real problem is money goes to the real webmaster, not a fraudster because of encrypted revealed not match the IP address/merchantID in order to get paid. Google Adsense is smart catching anyone who break Google Adsense privacy policy in order to ban the webmaster or fraudster losing their account with Google Adsense.