Like, a TOE is not expected to decide all statements expressible in the theory, only to predict particular future states from past states, with as much specificity as such past states actually determine the future states. It should not be expected to answer “given a physical setup where a Turing machine has been built, is there a time at which it halts?” but rather to answer “after N seconds, what state is the machine (as part of the physical system) in?” (for any particular choice of N).
Whether a particular statement expressed in the language of the theory is provable in the theory, is not a claim about the finite-time behavior of a physical system, unless your model of physics involves like, oracle machines or something like that.
Edit: it later says: “ Chaitin’s theorem states that there exists a constant K_{ℱ_{QG}} , determined by the axioms of ℱ_{QG} , such that no statement S with Kolmogorov complexity K(S) > K_{ℱ_{QG}} can be proven within ℱ_{QG} .”
But this, unless I’m badly misinterpreting it, seems very wrong? Most formal systems of interest have infinitely many distinct theorems. Given an infinite set of strings, there is no finite universal upper bound on the Kolmogorov complexity of the strings in that set.
Maybe this was just a typo or something?
They do then mention something about the Bekenstein bound, which I haven’t considered carefully yet but seems somewhat more promising than the parts of the article that preceded it.