troy has stated on here that the reason he has all these steemit accounts to to have more steem to upvote his work. He claims it's fair because so many people down vote his blogs. Personally I look at it as a way to weed out the trash on steemit.
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I'm really new at this format and I think trying to say anything really solid is just conjecture. Having said that you or Troy may be correct, it may work that way on up-votes and such, but at the wallet you have one account and earnings are averaged (that's as much as I know).