<ul><li>Bitcoin protocol includes rules for block creation timestamp, difficulty adjustment, and halving mechanism.</li><li>One aspect not covered in the protocol is the reduction of centralization caused by whales who own most Bitcoin.</li><li>Suggestion is to require older hodlers with significant UTXOs to spend them for miners' incentives or share them with others.</li><li>Implementing this rule would require a hard fork and could address issues of wealth concentration in Bitcoin.</li></ul>

Why doesn't protocol handle whales which is considered as centralism?

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