No, not compressed - the offset would always be (much) larger than the arbitrary chunk of data. It's flawed intuition to think of the information as "in" pi - i

No, not compressed - the offset would always be (much) larger than the arbitrary chunk of data. It's flawed intuition to think of the information as "in" pi - it's "in" the offset, and pi is essentially a small decryption algorithm. Don't get carried away with pi mysticism - all this stuff is also true of the concatenation of all integers in order (0123456789101112131415...).