Dear George,
Thank you for your comment.
In fact, Hofstadter already pointed out that consciousness might also emerge from these "strange loops". You could look at the Cartesian definition of the cogito : "Cogito ergo sum". Every time I think, I am conscious about the fact that I am thinking, and so that I am a "thinking being". The definition of our own "being" seems to be intricated with self-consciousness, i.e. a form of self-referential thinking. However, since consciousness seems not to be very well defined in physics, I prefer to remain sceptical and be careful towards linking, maybe too hastily, consciousness, time or reality. Nevertheless, I would agree with you that, very interestingly, they seem to share some common logical structure.
All the best,
Hippolyte