Dear Jayakar,
Your treatment of the concept of 'information' is highly innovative and since it is based on string theory it is highly technical from the point of view of general audience. But I commend your effort to solve the problem of information paradox on the basis of string theory's mathematics and you have treated it from different perspectives like Language and Numerical systems, Feynman diagrams and string-matter continuum scenario. In Particle scenario Vs String-matter continuum, you have clearly distinguished how the information is transferred in them; it is being discrete in particle scenario and in String-matter continuum the information transfer from source to the observer is by spiral rotations of string-segment. Here I am curious to know, spiral rotations represent which spiral, is it log spiral or Archimedean spiral or some other spiral, because according to my theory of QG the spiral described in QG field is log spiral. So can you, please, clarify this point to me? In fact in the previous fqxi essay contest (2012), my subject was QG. Ultimately, in the contest between It and Bit you have naturally sided with Bit as it is to be expected. Thank you for writing a highly articulate article and I appreciate the effort you have put behind it. For this I am going to rate your essay highly.
Best of luck,
Sreenath