In other words, they may be just two different words for the same thing. Whether the universe is a continuous manifold of matter-energy operating on space-time, or a discrete fractal cellular automaton evolving in some form of idealized cyberspace may just be different ways of saying the same thing. Its just that at certain scales different metaphors for the same phenomena SEEM more or less appropriate.

Consider--the most complex objects and processes we have recognized in nature are living organisms. The simplest bacterium is a highly complex chemical factory far exceeding our most elaborate refinery or chemical plant. Chemistry occurs on a fairly simple substrate, a subset of a finite number of periodic table elements, each composed of only three particles with fairly simple properties: electrons, protons and neutrons. That's all you need to describe
the most elaborate thing we know of in nature, Life!

Of course, electrons, neutrons and protons have their own internal structure, and point to a host of other atomic particles, forces and assorted statistical weirdnesses, but the point is you don't really need any of that to predict things like chemical bonds and compound formation or multicellular life-forms. The electron shells that make chemistry possible have very computational-like quantum rules, but they behave in ways very reminiscent of the fleeting, temporary structures in Conway's Game of Life. A few simple rules and the complexity arises--dare I say it--inevitably. And I have no doubt there are other levels of complexity still as we go up or down the ladder of scale. Perhaps an infinite number.

Atoms are simple, because they have to be assembled in the interiors of stars from simple hydrogen, using only gravity as a tool. But compounds can interact in marvelous ways, and can combine in breathtaking fashion to form structures and processes which cannot be predicted solely from the laws of quantum chemistry.

A far as we are concerned, our consciousnesses are aware of just one, or at best, a very few adjoining layers of this cosmic onion. It doesn't mean we aren't affected by other layers, we just have little understanding of them. Evolution didn't seem to think it was necessary for us to know this just to survive long enough to reproduce.

I don't think it really matters if the universe is physical, or a hologram, or computational, or conceptual, algorithmic, or a dream in the mind of God.. They are all just different words for the same thing.