The discussion centers on the theoretical and practical aspects of data storage using a fiber-optic delay line loopback system. Participants clarify the concept of loopback, debating whether it involves using repeaters to maintain data circulation or allowing data to propagate indefinitely, which could lead to confusion due to bidirectional travel. Calculations for potential data storage involve the fiber's velocity, delay time, and data rate, suggesting that using lossless fiber could maximize storage efficiency. However, challenges such as speed variability and limitations imposed by repeaters and multiplexers are acknowledged, indicating that traditional static RAM might offer a more cost-effective solution for high-speed data storage. Overall, while the concept is intriguing, practical implementation faces significant hurdles.