I was just reading this article about a mathematical understanding of closed time-like curves.

In essence, the argument is that time travel to the part is possible with a degree of free will, but you would not be allowed to alter the part in such a way as to remove the motivation for traveling back in time. E.g., it would be like Futurama where Fry kills his grandfather, but he impregnates his grandmother, this allowing himself to be born. The idea is that the timeline would correct itself and ensure that your future self will always return to the past.

Right, 1/1024 is 0.0009765625 or about 0.1%.

Bit in this context refers to the Shannon from information theory. 1 bit of information (that is, 1 shannon) is the amount of information you receive from observing an event with a 50% chance of occurring. 10 bits would be equivalent to the amount of information learned from observing an event with about a 0.1% chance of occurring. So 10 bits in this context is actually not that small of a number.