This proof is quite prevalent on the web, yet I struggle using this particular method.
Wikipedia (http://en.wikipedia.org/wiki/Limit_of_a_sequence) tells us:
We call $x$ the limit of the sequence $\{ x_n\}$ if:
for each real number $\epsilon> 0$ , there exists a natural number $N$ such that, for every natural number $n > N$, we have $|x_n - x| <\epsilon$.
So I start with the sequence $\{ x_n\} = \{0.3, 0.33, 0.333, 0.3333, \ldots\}$.
Then I want $\left|x_n - \dfrac{1}{3} \right| < \epsilon$, since this would mean that $\dfrac{1}{3}$ is the limit of the sequence $\{x_n\}$, by definition:
$$\left|x_n - \frac{1}{3} \right| = \left|\frac{1}{3} - x_n\right| = \dfrac{1}{3} - x_n = \frac{1}{3}10^{-n}$$
So we want $\dfrac{1}{3}10^{-n}<\epsilon$.
Where do I go from here? Where does the $N$ come in?
And also: can I simply say that $0.33333\ldots$ is the limit of the sequence $\{x_n\}$. By theorem a sequence can have at most one limit, thus this must mean that $\dfrac{1}{3} = 0.33333\ldots$, since both are limits of the sequence.
Find $N> -\log_{10}(3\epsilon)$. Then if $n>N$, then $10^n>\frac{1}{3\epsilon}$ or $\frac{1}{3}\cdot 10^{-n}<\epsilon$.