The argument presented by Aaronson is that, since it would take as much computation to convert the rock/waterfall computation into a usable computation as it would be to just do the usable computation directly, the rock/waterfall isn’t really doing the computation.
I find this argument unconvincing, as we are talking about a possible internal property here, and not about the external relation with the rest of the world (which we already agree is useless).
(edit: whoops missed an ‘un’ in “unconvincing”)
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I suspect that if you do actually follow Aaronson (as linked by Davidmanheim) to extract a unique efficient calculation that interacts with the external world in a sensible way, that unique efficient externally-interacting calculation will end up corresponding to a consistent set of experiences, even if it could still correspond to simulations of different real-world phenomena.
But I also don’t think that consistent set of experiences necessarily has to be a single experience! It could be multiple experiences unaware of each other, for example.