Is life really a series of 0's or 1's?

It would be true to say that something was true if it was but false otherwise. I hope this clears things up for the inhabitants of the miniscule Pacific island of True which lies in the archipelago of Nunsuch. A story is a story is a story for the fiction bookshop on three floors. The truth is out there but that's a lie of course. New Labour is the best thing since sliced bread. Or is it?