It is a fascinating topic, thanks for bringing it up.
Yes, I think it is possible indeed.
There are many implications. E.g. if our consciousness is simulated, what impact does it have on our socalled free will? This would add arguments to the recent scientific findings that we indeed have no free will, and that it is rather a social construct like religion to keep communities better functioning.
It could also explain the Fermi paradox. In the simulation any extraterrestrians are simply turned off.
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Do you mean this from Wolfram right? https://writings.stephenwolfram.com/2020/04/finally-we-may-have-a-path-to-the-fundamental-theory-of-physics-and-its-beautiful/
Well, they could also be out there but we still haven't establish contact.
I wonder if this could be related to the existence of premonitions/seeing the future in dreams which I know is something real.
No, I meant rather those experiments first started by Libet, here is a summary:
https://therealsasha.wordpress.com/2011/08/26/free-will-determinism-and-moral-responsibility/
Yes, they could be there but that´s the paradox, why there was no single contact, if the universe is full of life. The simulation is a simple explanation for it - if it is true of course.
Have you some evidence for "seeing the future in dreams"?
I wouldn't call it evidence but rather personal experiences that can only confirm to me that this is real, and I don't expect anyone else to believe what I am saying about this topic because it would be impossible for me to prove this.
I shared my experiences in this post https://hive.blog/hive-173737/@dedicatedguy/what-are-your-craziest-paranormal-unexplainable-experiences To me, they confirm it is somehow possible to access glimpses of the future. If I hadn't had those experiences and someone else came to tell me this is real I wouldn't believe that person. Since this happened to me, I do believe it.
I know what you mean. It seems that in dreams our mind can reach different levels of existence, which are closed while we are awake.