If you're talking about sharing your uname/login with others... yeah, the variety of ill effects is too far reaching to discuss here.
If you're talking about creating multiple users here, check with the gods. Broadly, they frown on that, but allow it in some cases, and so long as no more than one is used for voting.
If you're asking about having a single user log in with a single uname/pw from multiple [computers|devices|IPs] simultaneously and then attempt to edit the same node from those multiple devices, at the same time,
WHY ?
Or maybe you'd like to suggest a use case not prohibited or deprecated in PerlMonks FAQ.
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