Well, what quantity of information? It seems relatively unlikely that one would bother simulating an entire universe for billions of years at this level of fidelity; what's the point? On the other hand, the quantity of information needed to simulate your current experiences, including the experience of having memories, is probably in the megabytes; human bandwidth just isn't that high.
The same logic suggests that, even if you discount simulation for reasons of faith or whatever, Boltzmann brains are worth considering. The idea that the experience you're having right now of reading my precious prose is worth keeping a universe running, or even a large-scale simulation, is a bit self-centered of you, isn't it?
Unless we think most information exists in simulations than if you take a random bit of information out of the universe it's more likely to be associated with the root existence's goinings on than it is with any kind of simulation. This works because it's an argument about that bit of information, not anything else. I think you could push back and say that really actually information isn't what's important and that actually even if we think that most information won't be part of a simulation most consciousnesses will be, but idk, that seems suspect, we don't have any reason to think that. Certainly most simulations we do now seem not to include consciousnesses.
I think the idea of Boltzmann brains fall apart because in that sea of possibility space it actually seems much more likely for the seeds of a universe to form than a complete brain full of consistent memories of writing 3/4th of a post on a randomly generated website called hacker news. I think it's just another illustration of the problems apply infinity to probability.
In fact if I were to build a simulator, I most likely have to design a mechanism to prevent its residents from observing beyond a certain micro scale due to limited cpu/mem resources and laziness to implement all the details. Tiny black hole is a good mechanism to reduce resource consumption when simulating a fixed volume of this universe. Imagine living in the world of Minecraft, the minimal unit is a block. Trying to look inside of it yields nothing. All physically meaningful characteristics are described by its surface. In our universe this looks very much like a blackhole.
It's pretty trivial to have this reality be a 'container', as it were, within some superset reality, regardless of the information density of said contained reality.
Think of it like a human body sort of being its own unique, low-entropic thing.
I personally like thinking that in one sense, we're all a bunch of bits of fleeting consciousness on the edge of some fractal of realities, and the 'substrate' is simply possibility itself.
After all, the mandelbrot fractal is drawn by which series terminate, and often how long it takes them to terminate.
Why not us? Why can't we be one infinitesimal reality in the entire sea of possible realities, held together by the fact that our reality happens to have coherent rules that allows it to exist as some possible state in the greater states of some amorphous soup of possibility?
Just a thought. I know it may be more out there for some.
Edit: I don't understand the argument that if many good simulations exist, we must be in one, either. It seems bizarre to me. So having a bit of an odd suggestion about information density is as good of a response as any.
We already do have a law of physics that is relevant here. We know that the information capacity of space is finite and fixed. A centimeter of space can only store so much information before it becomes a black hole. That means that to build a simulation in our universe you can only ever subdivide a fixed pie of information. That means the more relevant thing to ask is if a quantity of information is more likely to exist in the base reality or the simulated one. Because we have to assume that the base reality is not carpeted over with simulation super computers it seems safe to assume a random bit of information is more likely to be part of the base reality rather than a simulation all else being equal.
I think the idea of the universe being a simulation is just more fun