Drake equation for bloggists:
R = rate of bloggable-thought-formation in the dome-piece of the bloggist;
a = proportion of those thoughts that have a potential interested audience
N = average size of the potential audience, in skull-interiors, for a thought with a potential interested audience
l = proportion of average potential interested audience who actually get interested (this requires finding the post at some point during its life)
i = proportion of above that develop a bloggable thought which would not have been developed in the absence of the original post
c = proportion of interested readers with bloggable responses who actually comment
L = length of time for which the average commenter can be kept locked in some dialogue
RaNlicL = K, the number of my fellow souls in the blogosphere with whom fruitful comment-discussion is possible.
Some of these are more easily estimated than others, and the whole thing is a joke, but even with very conservative values for the other variables, a good R day can put K above 1 and so justify the use of a blog and not a cocktail napkin.