That is very interesting concept. However, few questions remain:
- Large scale structure of universe? Why we don't see fantastically large structures?
- Always increasing entropy? If matter constantly decays, why there's still matter in the universe?
- Quasar-galaxy associations? I see that your model don't have a problem with high redshift objects being at same distances than low redshift galaxies, but why it seems that active galaxies eject quasars? Why quasars seem to concentrate near active galaxies? (Maybe they are very outgoing objects and like all the activity, so they just gather around active galaxies and have a party? \
/ )
- Redshift-distance relation? At least for low redshift objects it seems that redshift is proportional to distance, why is that?
- Olbers' paradox?