The document discusses John A. Wheeler's 'it from bit' hypothesis, proposing that the physical universe emerges from information, with human perception of reality relying on electromagnetic interactions through the five senses. It suggests that time is encoded in a cosmic hologram made from quanta (photons), and consciousness plays a fundamental role in this reality as an immaterial observer. The passage of time and the nature of quantum uncertainty are linked to the accumulation of entropy, indicating a connection between free will and the underlying conscious observer.