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I believe scholars from each race would try to provide evidence of their own race's antiquity compared to the other races. Many people in real life like the medieval British scribes believed the ancestor of the British people, Brutus of Troy, actually fought in the Trojan War.
Basically a competition for historical prestige. And suggesting competing theories of ancestry for your race not being as ancient could condemn you.
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[@Knight of the Raven":](/forums/pony/topics/mlp-g5-discussion-and-speculation-thread?post_id=5058679#post_5058679
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It would represent a new era, the fall of the alicorns. Although it seems like being an alicorn is a promotion. It could also be each race would try alicorns be only their own race.
Although with Alicorn hunting theory, I wonder if there would be secret alicorns in the world?