Thanks @hasse72 for the compliment and points made!
the FUN telegram group is one of the better moderated ones...
I agree! I really like how the founders like Jez San are willing to answer people's questions so openly.
there's a typo in your post: they are implementing turing-complete state channels
Actually, we're both right! They are state channels, but FunFair's implemention of them are called Fate channels. In their words "Fate Channels is FunFair’s name for a different type of State Channel service". It's all explained in their blogpost here: https://funfair.io/state-channels-in-disguise/
Thanks for explaining :-)