Hmmm I am still trying to understand your view.
What led you to reject collapse as fundamental? Bitcoin reveals how a structured collapse works without a centralized observer; each block is a discrete, irreversible memory and collapse is the resolution of entropy into structure. Doesn’t that make time emerge from memory change?? they must be equal dimensions… space = memory x time; they are inseparable.
Does your model account for a redefinition of time? If time is not continuous but computed through structured memory, does that imply spacetime itself breaks down?
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Time is informationally emergent, just like in bitcoin, in fact every observable is. The block height (time) and the network topology (space) are external degrees of freedom that behave geometrically like gravity. The UTXO set is analogous to internal degrees of freedom that behave like gauge fields.