When you generate a new bitcoin address, it only takes disk space on your own computer (like 500 bytes). It's like generating a n
When you generate a new bitcoin address, it only takes disk space on your own computer (like 500 bytes). It's like generating a new PGP private key, but less CPU intensive because it's ECC. The address space is effectively unlimited. It doesn't hurt anyone, so generate all you want.
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source: bitcointalk