I don't want the war points to be reset in all honesty, but I do remember when they first come out, a lot of gangs grouping up and killing each other in a way which earned them warpoints. I don't know the status on how that was dealt with, and if it was dealt with. At the end of the day, the majority of the points people earned were done through hard work and were legit.
I do however like the idea of having the people over X amount of points having them reduced by the calculation that someone suggested. The square root x10 I think it was.
This is just my opinion. I am delaying my vote until a third, or more, option has been added to the vote.