Shawn,
Personally, I do not see that much significance in the holographic principle. It is another manifestation of the problem I noted in my essay; A description of the world/reality, and the world/reality itself, have different properties. Is the holographic principle, a property of the description, a property of the world, or both?
I previously noted that the Shannon Capacity simply corresponds to the number of bits required to digitize a band-limited signal. But what does "band-limited" mean? It means the signal has been passed through a filter, which introduces correlations between "nearby" measurements of the signal; indeed, any sample-measurements made between "sufficiently close" samples (the Nyquist sampling rate), will be so highly correlated with the Nyquist rate samples, that their values can be predicted with arbitrarily high accuracy, from the Nyquist samples. Hence, they produce no additional "information"; thus, a higher sampling rate will not increase the amount of information in the digitized signal.
Now consider an observable signal, expanding away from a source. At any given radius, R, from the source, how many samples does an observer have to take, on the surface of the sphere, of radius R, in order to digitize all the information in the signal? The answer depends on if the band-limiting filter (which may be either a temporal filter, spatial filter, or both) is at the source, or at the observer. If it is a spatial filter at the source, then whatever correlations the filter produced, between samples, will expand along with the surface of the sphere. Consequently, the number of spatial samples required to capture all the possible information is independent of the size of the sphere. But if the filter is applied by the observer, and the same filter is used for all radii, then the number of spatial samples will increase in proprotion to the area of the sphere. So which is it? According to Wiki - Holographic Principle:
"The holographic principle was inspired by black hole thermodynamics, which implies that the maximal entropy in any region scales with the radius squared, and not cubed as might be expected. In the case of a black hole, the insight was that the informational content of all the objects which have fallen into the hole can be entirely contained in surface fluctuations of the event horizon."
and
"The holographic principle states that the entropy of ordinary mass (not just black holes) is also proportional to surface area and not volume; that volume itself is illusory and the universe is really a hologram which is isomorphic to the information "inscribed" on the surface of its boundary."
Those statements imply that the Holographic Principle assumes the filter is an attribute of the observer, rather than the source. Consequently, the principle is a statement about an attribute of an observer's description, not an attribute of the source.
Rob McEachern