It is argued that underlying the Church-Turing hypothesis there is an implicit physical assertion. Here, this assertion is presented explicitly as a physical principle: 'every finitely realizible physical system can be perfectly simulated by a universal model computing machine operating by finite means'. Classical physics and the universal Turing machine, because the former is continuous and the latter discrete, do not obey the principle, at least in the strong form above. A class of model computing machines that is the quantum generalization of the class of Turing machines is described, and it is shown that quantum theory and the 'universal quantum computer ' are compatible with the principle. Com-puting machines resemb...