cupholder comments on Avoiding doomsday: a "proof" of the self-indication assumption - Less Wrong
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Yes, I think that would work - if I remember right, zeroes and ones are equally likely in pi's binary expansion, so it would successfully mimic flipping a coin with random initial conditions. (ETA: this is interesting. Apparently pi's not yet been shown to have this property. Still, it's plausible.)
This would also work, so long as your bag of facts is equally distributed between true facts and false facts.