CarlShulman comments on Subjective Relativity, Time Dilation and Divergence - Less Wrong
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At 1,000,000x speedups plus quality improvements, Moores Law should peter out shortly in solar years. Then we get to Malthusian competition.
The logic of a Hansonian race to burn the cosmic commons is that there is a strong incentive in competitive scenarios to be first to get out to the stars: if you colonize before others do you will have much more in the way of resources when technological limits are reach. If you colonize too slowly you may have somewhat more resources to build your initial spacecraft, but face competitors with insuperable leads.
Actually, you could create more subjective-observer moments if you don't burn the commons, because negentropy (max entropy - current entropy) scales quadratically with mass/energy, so cooperation would dominate.