ygert comments on Second-Order Logic: The Controversy - Less Wrong
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While I am not an ultrafinitist, I believe the idea is meant to be this: It is not valid to talk about those numbers, because there is no meaningful thing you can do with those numbers that can affect the real world. Therefore, the ultrafinitists say that it is not really logical to treat these numbers as "existing" as they can not affect the real world at all, and why say that something exists if it cannot affect anything at all?