In the discussion about the formula e = mc², participants clarify that "c" represents the speed of light, a constant, while "c²" is a scale factor with different physical units. They emphasize that c² cannot be equated to c, as they are fundamentally different quantities. The conversation highlights that while adding velocities in relativity does not follow simple arithmetic, the mathematical operations on c and c² are valid within their respective contexts. The importance of unit systems is also noted, as using geometric units can lead to different interpretations. Ultimately, the distinction between c and c² is crucial for understanding the relationship between mass and energy in physics.