Many of the answers are old and since the question is also not recent other similar questions are closed as duplicate of this; this interesting question benefits from another newer round of answers.
My questions are:
- First of all, is there anything else essential that I am missing?
Not really.
Some supporters ("Verlinde Gravity and AdS/CFT" (28 Feb 2017 by Alex Buchel, or "Hints towards the Emergent Nature of Gravity" (28 Nov 2017) by Linnemann and Visser), or mostly supportive in "Emergence of a Dark Force in Corpuscular Gravity" (31 Jan 2018), by Cadoni, Casadio, Giusti, and Tuveri.
A majority are in disagreement with Verlinde.
- Is there any response to that argument?
Verlinde published a newer paper, "Emergent Gravity and the Dark Universe" (8 Nov 2016), it's still emergent but with some additions.
If anything can be said about his work is that while his theory may not be favored the idea of emergent gravity is being seriously considered.
The website arXiv cites that paper over 100 times.
It is a 'different approach' that his newer paper concludes with:
"A related issue is that in our analysis we assumed that dark energy is the dominant contribution to the energy density of our universe. According to our standard cosmological scenarios this is no longer true in the early times of our universe, in particular at the time of decoupling. This poses again the question whether a theory in which (apparent) dark matter is explained via emergent gravity would be able to reproduce the successful description of the CMB spectrum, the large scale structure and galaxy
formation. These questions need to be understood before we can make any claim that our description of dark matter phenomena is as successful as the ΛCDM paradigm in describing the early universe and cosmology at large scales.
By changing the way we view gravity, namely as an emergent phenomenon in which the Einstein equations need be derived from the thermodynamics of quantum entanglement, one also has to change the way we view the evolution of the universe. In particular, one should be able to derive the cosmological evolution equations from emergent gravity. For this one needs to first properly understand the role of quantum entanglement and the evolution of the total entropy of our universe. So it is still an open question if and how the standard cosmological picture is incorporated in a theory of emergent gravity. How does one interpret the expansion of the universe from this perspective? Or does inflation still play a role in an emergent;cosmological scenario?
All these questions are beyond the scope of the present paper. So we will not make an attempt to answer all or even a part of these questions. This also means that before these questions are investigated it is too early to make a judgement on whether our emergent gravity description of dark matter will also be able to replace the current particle dark matter paradigm in early cosmological scenarios.".
- Is that a fatal problem with Verlinde's entropic approach?
Fatal problem, no. Nails in the paper's coffin, yes.
Amongst the dissenters are: "Comments on the entropic gravity proposal" (15 Mar 2018) by Bhattacharya, Charalambous, Tomaras, and Toumbas or "Testing Emergent Gravity with Isolated Dwarf Galaxies" (2 Jun 2017), by Pardo or "Testing Verlinde's emergent gravity in early-type galaxies" (26 Jul 2017) by Tortora, Koopmans, Napolitano, Valentijn, which questions some of the results.
- Is that a fatal problem for any entropic approach?
One person disagreed with doesn't doom the idea, in this case.
New emergent theories are: "The emergence of space and time" (6 April 2018), by Wüthrich or "Spacetime is as spacetime does" (12 Mar 2018), by Lam and Wüthrich and the "2017 Geneva Conference 'Beyond Spacetime'" series of videos.
Other proposals are emergent by calling for developing the TOE and gravitational theorem by reexamination of existing theories, as put forth by Oriti in "The Bronstein Hypercube of quantum gravity" (8 Mar 2018):
Oriti has developed a framework invoking existing theories arraigned in a cube and then, by adding a new parameter, converted the three dimensional object to a four dimensional one; once explained it's easier to visualize than it sounds.
Page 10:
V. The Bronstein hypercube of quantum gravity
"... We know (from quantum many-body systems and condensed matter theory) that the physics of few degrees of freedom is very different from that of many of them. When taking into account more and more of the fundamental entities and their interactions, we should expect new collective phenomena, new collective variables more appropriate to capture those phenomena, new symmetries and symmetry breaking patterns, etc. And it is in the regime corresponding to many fundamental building blocks that we expect a continuum geometric picture of spacetime to emerge, so that the usual continuum field theory framework for gravity and other fields will be a good approximation of the underlying non-spatiotemporal physics.
Conclusions We have argued that the proper setting for thinking about quantum gravity, and for exploring the many issues it raises (mathematical, physical, conceptual), is broader than the traditional one of ‘quantizing GR’, well captured by the Bronstein cube. It is best pictured as a Bronstein hypercube, in which the non-spatiotemporal nature of the fundamental building blocks suggested by most quantum gravity formalisms (and even by semi-classical physics), and the need to control their collective dynamics, are manifest. This allows the proper focus on the problem of the emergence of continuum spacetime and geometry from such non-spatiotemporal entities. We have also argued that modern quantum gravity approaches are well embedded into this conceptual scheme, and have already started producing many results on the issues that are put to the forefront by it.
Page 2:
The Bronstein cube of quantum gravity is in the picture, above left. It lives in the $cGh$ space, identified by the three axes labeled by Newton’s gravitational constant $\text{G}$, the (constant) velocity of light $c$, or, better, its inverse $1/c$, and Planck’s constant $\hbar$. Its exact dimensions do not matter, the axes all run from 0 to infinity, but its corners can be identified with the finite values that the same constants take in modern physical theories.
The picture does not represent specific physical theories or models (despite some of the names used in the same picture), but more general theoretical frameworks. Its conceptual meaning can be understood by moving along its corners, starting from the simplest theoretical framework, i.e. classical mechanics, located at the origin ($0, 0, 0$) (understood as hosting all theories and models formalised within this framework, be them about fields, particles, forces).
...
We would like then to be able to move along both the $\hbar$-direction and the $\text{G}$-direction, incorporating both gravitational effects (including very strong ones) and quantum effects into a single coherent description of the world. The corner we would reach by constructing a quantum gravity theory would be that of a ‘theory of everything’, not in the sense of any ontological unification of all physical systems into a single physical entity (although that is a possibility, and a legitimate aspiration for many theoretical physicists), but simply in the sense that in such framework we could in principle describe in a formally unified way all known types of phenomena: quantum, relativistic, gravitational.
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Page 10:
"To have a better pictorial representation of what quantum gravity is about, then, the Bronstein cube should be extended to an object with four (a priori) independent directions, to a ‘Bronstein hypercube’, as in the picture on the right.
The fourth direction is labeled $\text{N}$, to indicate the number of quantum gravity degrees of freedom that need to be controlled to progressively pass from an entirely non-geometric and non-spatiotemporal description of the theory to one in which spacetime can be used as the basis of our physics. A complete theory of quantum gravity will sit at the same corner in which it was sitting in the Bronstein cube (which is obviously a subspace of this hypercube), but the same theory admits a partial, approximate formulation at any point along the $\text{N}$-direction ending at that corner. Only, the more one moves away from it, the less the notions of continuum spacetime and geometry will fit the corresponding physics.
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This relabelling would have the advantage of characterizing the hypercubic extension of the Bronstein cube by the addition of a fourth fundamental constant, in many ways on equal footing as the other three. It is indeed useful to think in these terms. We do not use this relabelling explicitly simply because we want to maintain the focus on the number of (quantum gravity) degrees of freedom to be controlled in different regimes of the theory, rather than with any specific context in which the new degrees of freedom manifest their physical nature.".
Updates on the discussion:
There are hundreds of papers since, thus the need for newer answers to this question.