It's not really on point; but it was certainly possible and done by many. I had access to four real life friend accounts (I only paid for mine---but we shared our user info for emergencies, etc.). It didn't take a great deal of bandwidth to log one of them on for a transfer, or a rez, or a buff, or a port, etc.
I wasn't playing with them all boxing them, but I could certainly log them in for simple stuff. It sometimes took painfully long to move them around, but it didn't matter for what I wanted them for.
It doesn't matter here, but its true that boxing for simple stuff wasn't very rare on live.
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