As an experimental physicist, I refuse to get excited about a new theory until the proponent gets to an observable phenomenon that can fix the question.
The problem with emergent theories like this is that they _derive_ Newtonian gravity and General Relativity so it’s not clear there’s anything to test. If they are able to predict MOND without the need for an additional MOND field then they become falsifiable only insofar as MOND is.
Sometimes I wonder, imagine if our physics never allowed for Blackholes to exist. How would we know to stress test our theories? Blackholes are like standard candles in cosmology which allows us to make theoretical progress.
Between two models the one with the shorter Minimum Description Length (MDL) will more likely generalize better
But, think of all the fun math we get to do before someone shows it's an unworkable idea.
An observable is always the strongest evidence but there's also the improbability of a mathematical coincidence that can serve as almost as strong evidence. For example the fact that the Bekenstein-Hawking entropy of an Event Horizon comes out to exactly be the surface area divided by plank-length-square units, seems to me almost a proof that nothing really falls into EHs. They only make it to the surface. I'm not saying Holographic Theory is correct, but it's on the right track.
My favorite conjecture is that what happens is things effectively lose a dimension when they reach the EH surface, and become like a "flatlander" (2D) universe, having only two degrees of freedom on the surface. For such a 2D universe their special "orthogonal" dimension they'd experience as "time" is the surface normal vector. Possibly time only moves forward for them when something new "falls in" causing the sphere to expand.
This view of things also implies the Big Bang is wrong, if our universe is a 3D EH. Because if you roll back the clock on an EH back to when it "formed" you don't end up at some distant past singularity; you simply get back to a time where stuff began to clump together from higher dimensions. The universe isn't exploding from a point, it's merely expanding because it itself is a 3D version of what we know as Event Horizons.
Just like a fish can't tell it's in water, we can't tell we're on a 3D EH. But we can see 2D versions of them embedded in our space.
This is why I'm skeptical of theories like Wolfram's: It feels like an overfit based on this: It produces all sorts of known theories (special relativity, parts of QM, gravity etc), but doesn't make new testable predictions, or new fundamentals. When I see 10 predictions emerge from the theory, and they all happen to be ones we already known of... Overfit.