I wouldn't do it to a crap knife, let alone such a good one.
1) temper is more an issue that you seem to think. Of course you will stop regularly to prevent overheating (you will get tired and sore anyway) but that will not stop the overheating on the contact point. Best way around that would be an old abrasive wheel (don't know how they are called), the type that wheigh 20/30 lbs ans with water at the base: that should take care of temperatue issue. But still not of the temper one
2) as Mahoney mentioned, blade are differentially tempered. The closer to the spine, the softer the steel. Grind away the serrations, and you effectively grind away the hard steel.
That may not sound as bad as it actually is: if you use your knife, you'll end up with it being dull most of the time, and that is very frustrating (and dangerous).
3) That last comment was made assuming you managed to keep a decent profile on the edge, and that is not a given either. Especially if on top of that you want to reprofile the blade as a flat ground. I would only give that job to an expert (like if I had a friend sharpening the production knives at the Golden factory; I doubt very much he would accept, though).
4) the amount of time and energy it will take: my guess is 4 to 5 hours, assuming you do not polish the blade after :jerkit: .
My best advice (read: what I would do in the same situation as you have described, not some sort of patronising comment!)
Sell your knife on eBay if you can't find someone to trade it with.
Use said money to buy a plain edge Byrd
You will be left with both change and an excellent companion in your pocket.
You will have no blisters or scratches on your hands
You will have enjoyed skateboarding for at least 4 more hours
