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I can already anticipate one critique, which is that such a concept would be too easy to manipulate, or game.
Yup, and that's a fatal flaw.
But what is our goal, as a community? Hint: It is not to bow down and pay respect to the most powerful computer. Too powerful a collection of computing power would or could game the system.
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The solution is more informal; those that disagree with what the system-gaming "powerful computer" is doing will agree to hard-fork to a different alg. If that's the vast majority of bitcoin users (ie, everyone except that powerful-computer), then bitcoin shifts and the powerful attacker is left with huge power on an effectively unused network.