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Comment by sluukkonen | Hacker News Reader

It’s easier just to use a proper decimal type than to remember all of the ways where using floats will bite you in the ass. The behavior is unintuitive even in trivial examples. Code like

  amount_due = 0.10 + 0.20
  amount_paid = 0.30
  
  if amount_paid >= amount_due:
      print("PAID")
  else:
      print("OUTSTANDING")

will print “OUTSTANDING”.

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True, but those who do not use decimal floating-point numbers do not use such binary floating-point numbers.

They use binary fixed-point numbers/integers, where such computations are exact, while not having the huge computational overhead of decimal floating-point numbers.

Indeed, though this is platform dependent. Mainframes have strong hardware support for decimal fixed-point arithmetic, making it the preferred representation for fixed-scale business data, though conceptually it's very similar to binary fixed-point.

Decimal floating-point is also hardware-supported, so it doesn’t carry the same computational overhead it does on platforms where it must be implemented in software.

For many years, nobody has supported decimal numbers in hardware, except IBM (the deprecated instructions of Intel 8086 and 8087 do not count).

IBM has done this, despite it being an inferior technical solution, because it binds those who choose it to IBM hardware.

Programming currency operations with decimal floating-point numbers is easier for naive programmers.

Even on IBM mainframes, implementing currency operations using 64-bit or 128-bit integers is much faster and less resource-consuming than with decimal numbers, but the implementation of some of the operations can be a little tricky, when it must be guaranteed that no loss of precision may occur.

I think that I might have seen recently an announcement from someone else than IBM who has introduced hardware support for decimal floating-point numbers, perhaps from Fujitsu. In any case, whoever introduces such hardware support does it to lure some customers to migrate from IBM to them, and not because it were a good solution for implementing operations with money.

I came across this article today, by pure chance, and thought you might enjoy it: https://cs-syd.eu/posts/2022-08-22-how-to-deal-with-money-in...

Decimals can bite you in the ass too. Try dividing by 3, or using transcendental functions.

Changing representations isn't a substitute for the numerical analysis you should be doing for financial calcs.

threshold = 1e-9 enters the chat

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