f116v is a decryption attempt?

[oshfdk]

Mathematically speaking, an alternating sequence of 0s and 1s of any length contains at most one bit of information.

I don't think so, any sequence of length N may contain at least lb(N) bits of information. Cue unary numeral system. Alternating 0 and 1 is lb(N) + 1, since the sequence may start with either 0 or 1.