There is no simpler way to encode or decode true randomness because there is no intelligence to it.
Yes, exactly.
If you have 1KB of random data, you need 1KB to store it without losing information. That is, every bit of data is significant and holds information about the original signal.
1KB of ASCII text of English writing, on the other hand, can be compressed and stored in far less than 1KB since there's lots of patterns which can be simplified - the upper bit of each character is 0, lots of words are repeated and can be encoded using shorter symbols, and so on. Therefore, there's less than 1 bit of information in each bit of the signal.
1 is greater than less than 1, so a given length of random data has more information in it.
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