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Genesis Balances

1) Here they are $ ./tezos-client rpc get /chains/main/blocks/1/context/contracts | grep KT1 "KT1WPEis2WhAc2FciM2tZVn8qe6pCBe9HkDp", "KT1W148mcjmfvr9J2RvWcGHxsAFApq9mcfgT", "...
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What is the Genesis key's power after activation?

It's a convenient way to load and parametrize a protocol, you can specify any key in the previous block to achieve that. After you've reached the no fork point, your shell will refuse to reorganize ...
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