That's an interesting idea that *almost* gets you to where you want to go, but doesn't quite.
You rewind time to the beginning of day one, but the chest that contained the Bow in Woodfall is still empty. Skull Kid no longer has the Ocarina. The old lady who gets robbed no longer has the Blast Mask to give. If it was truly like rewinding a tape, then EVERYTHING would be reset... but if even *one* item doesn't exist in the exact same location anymore (the Bow in Woodfall to use the same example), then it necessitates a different timeline. The tape being rewound is ever so *slightly* different, meaning it ever so *slightly* diverges from the original world. Which again, requires multiple timelines.
I'm not at all trying to gang up on you specifically, you beautiful Nintenbro you, but you just happen to be the only one arguing this counterpoint
I can agree to disagree though, sure. At the very least, I'm thrilled I was able to have this discussion... this particular line of thought has been something I've thought about regularly since all the way back when this game was originally released... and I've only had the chance to discuss it with other people *once* before this.
Thank you... for hearing me out. I can finally rest... knowing I've shared a theory with friends.
...
"You got the
MetalGuardian Mask! Wow, it sure looks ferocious. Try wearing it while in the crowd of an Indigo-go show sometime!"