Centrifugal force is not a real force and does not contribute to circular motion, while centripetal force is essential for maintaining circular motion, quantified as mv²/r. The discussion highlights the difference between inertial and non-inertial observers, noting that non-inertial observers experience pseudo-forces due to their motion. The concept of relativity is emphasized, showing that equations of motion vary based on the observer's frame of reference. The conversation also touches on the misunderstanding of terminology, with participants clarifying the nature of these forces and encouraging further exploration of the topic. Overall, the discussion provides insights into the complexities of forces in circular motion and relativity.