The discussion centers on whether information is lost when a photon is absorbed by a hydrogen atom and then emitted again. It is noted that while photons have spin 1, their polarization can be treated similarly to qubits in quantum computing. The conversation highlights that if the original spins of the photons are known, deducing them post-absorption is unnecessary. However, if the photons are part of an entangled pair and their spins are unknown before absorption, it raises questions about the irreversibility of quantum measurements and the potential loss of information. Ultimately, the nature of quantum mechanics and the collapse of the wave function are debated, with implications for understanding irreversible events in quantum theory.