The discussion revolves around solving the equation f(f(x)) = 2x^2 - 1. Participants explore various methods, including inverse functions and derivatives, but find them unproductive. One suggested approach involves setting f(f(x)) = x^2 to derive f(x) = x^{\sqrt{2}}, but this does not lead to a straightforward solution. Another attempt proposes f(x) = 2^{\frac{1}{1 + \sqrt{2}}}x^{\sqrt{2}}, yet the complexity of the problem remains evident. Ultimately, the consensus is that there is no easy solution to the equation.