Seems like yet another confusion about the definition of "exist", which you conveniently don't give.
If you rephrase it as "Can infinite quantities be observed?" then the answer is negative. If you phrase it as "Can models with infinities in them fit the observations better then those without?", then the answer is affirmative. If you are interested in a metaphysical answer, such as "Do numbers exist?", then you have to be clear in what you mean by each term.
some quite smart people disagree on the meaning of this term
We have an apparently very deep philosophical difference here. Some "quite smart people" have offered different accounts of existence: Quine's, that we are committed to the existence of those variables we quantify over in our best theory, comes to mind. My use of "exists" is ordinary enough that most any reasonable account will serve. I think the intuition of "existence" is really extremely clear, and we argue about accounts, not concepts. Existence is very simple
M...
[Crossposted]
Initially attracted to Less Wrong by Eliezer Yudkowsky's intellectual boldness in his "infinite-sets atheism," I've waited patiently to discover its rationale. Sometimes it's said that our "intuitions" speak for infinity or against, but how could one, in a Kahneman-appropriate manner, arrive at intuitions about whether the cosmos is infinite? Intuitions about infinite sets might arise from an analysis of the concept of actually realized infinities. This is a distinctively philosophical form of analysis and one somewhat alien to Less Wrong, but it may be the only way to gain purchase on this neglected question. I'm by no means certain of my reasoning; I certainly don't think I've settled the issue. But for reasons I discuss in this skeletal argument, the conceptual—as opposed to the scientific or mathematical—analysis of "actually realized infinities" has been largely avoided, and I hope to help begin a necessary discussion.
1. The actuality of infinity is a paramount metaphysical issue.
2. The principle of the identity of indistinguishables applies to physics and to sets, not to everything conceivable.
3. Arguments against actually existing infinite sets.
A. Argument based on brute distinguishability.
B. Argument based on probability as limiting relative frequency.
4. The nonexistence of actually realized infinite sets and the principle of the identity of indistinguishable sets together imply the Gold model of the cosmos.