Sergey
As per your comment on my blog.
This theory can only have the status of a belief, not objective knowledge, because it involves presumptions which are outwith our experience. In other words, logically, it could be a proper explanation of physical existence, but we cannot know.
A key concept seems to be the assertion that there is no form of elementary particle, ie substance is infinitely divisible. This is contradictory to the physical reality we experience, which has substance, occurs independently of us, and alters. So, by definition, as at any given point in time, there must be a definitive physically existent state in order that existence (as we know it) occurs, and then re-occurs differently. And we are trapped in that physical experience, only beliefs can postulate alternatives.
Now, what constitutes a physically existent state (ie reality) is the real question. And it is not the elementary substances, as such. That idea reveals a confusion between the physical substance of existence and what is its existent reality (manifestation). Think on this: take any elementary particle (forget what it is, etc), and just pose the question: as at any point in time what constitutes its reality (physically existent state)? The answer cannot be: 'it', because we know there is alteration. Say 'it' 'spins' (again forget all the concepts behind this), then what is its reality? Remember, it cannot be in more than one state at a time. Or put another way around, if one asserts its existent reality is more than 'one degree of spin' (which can be defined), then the question immediately arises, where is the 'cut-off' point, half a spin, a complete spin? There is no physically justifiable answer, every possibility except one involves change, and that means what is being referred is not a reality, but more than one.
So reality is a physically existent state, and that is probably associated with the state of the properties of whatever constitutes the elementary substances. Existence is analogous to a film, that is, if it could be completely differentiated, then the point at which no form of change occurred could be identified, and that is what exists, but only as at that point in time. There is no time in reality, timing is the quantification of the rate at which change to a reality occurs.
Paul