Two ways of obtaining infinitesimals by refining Cantor's completion of the reals

Cantor's famous construction of the real continuum in terms of Cauchy sequences of rationals proceeds by imposing a suitable equivalence relation. More generally, the completion of a metric space starts from an analogous equivalence relation among sequences of points of the space. Can Cantor's relation among Cauchy sequences of reals be refined so as to produce a Cauchy complete and infinitesimal-enriched continuum? We present two possibilities: one leads to invertible infinitesimals and the hyperreals; the other to nilpotent infinitesimals (e.g. h nonzero infinitesimal such that h^2=0) and Fermat reals. One of our themes is the trade-off between formal power and intuition.