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All pokemon have a maximum cp value.
There's a reddit thread somewhere that details them. I think the point in stardust is to get your pokemon to those max levels, later in the game, when it matters a bit more.
Soul-
This...
I'm gonna try and save mine from now on... BTW Crazy scenes on the waterfront near our place, it's like a festival... I bet the local cafes and eateries are doing a roaring trade... The smart ones with pokestops outside their premises will be buying up lures to attract Pokémon hunters if they've got any sense...
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Yes, the higher level you are the higher the cp cap is for you. I'm level 22 now and have about 120k stardust but can capture anything upto about 700 cp which will evolve into something 1600 cp or so or for stuff that can't evolve I'll be able to capture 1100 cp or so.
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Clockwise
Yeah, which I've been doing the last couple of levels, but at what point is it worth using it? It seems like it's a process that won't end as everything seems to be relative to your level.