I have a question which is probably naive, but I was wondering:
suppose I change the genesis block of the bitcoin block chain, and, very important, I change the time stamp of the genesis block to, say, January 15th 2007.
I now calculate an entirely new block chain from there on, in which i can include all or some of the transactions of the current block chain, but I put time stamps on the blocks so that they are slightly more separated in time than in the original chain. As such, the difficulty will remain very low, and I can easily calculate such a chain on my PC.
I could include many more blocks on the new chain, than on the original chain, because I have 2 years more "block chain time" to fill up until now. As long as I separate all the blocks by somewhat more than 10 minutes time stamps, the difficulty will essentially remain 1, and I can very easily mine all the blocks on my PC. Now, in order to respect most transactions, I would have to use the same addresses of most of the block rewards, but some, I could change and assign them to me. For instance, I could assign all the Satoshi rewards of the first thousands of blocks to addresses I own, because they have never been spend.
If I catch up to today, with most transactions included, but many more blocks, and I broadcast this new chain, would it replace the old chain (because the one I broadcast is much longer) ? Of course, lots of strange things would happen, such as the difficulty falling essentially to 1 or so. But strictly speaking, would the bitcoin core accept this new chain over the former one because it respects all the rules ? Or does the bitcoin core check on the genesis block ?
Your genesis block would be rejected as invalid.