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When to use the Decimal library over floats? 🤔

Today I was wondering why we were using the Decimal library instead of my favorite faulty friend, the IEEE 754 floating-point number. Well, it says it right in the readme.

Arbitrary precision decimal arithmetic.

But what is arbitrary precision, Dave?! 🥱

Well, can explain it better than I can, but let me illustrate with an example!

iex(7)> 0.1 + 0.2


No fear, the Decimal library provides arbitrary precision floating points for us!

iex(1)> Decimal.add(Decimal.from_float(0.1), Decimal.from_float(0.2))