I don't know the original theory, but this explanation is brief to the point where it's nonsensical.
Might be because the entire thing is nonsense. Entropy shoots a hole in the entire thing as far as I can tell. The problem is that the information can never be retrieved, so if it exists or not is really pointless.
It also somehow simultaneously assumes the church turing thesis, the existence of non computable reals and arbitrary functions over them at the same time...