Did you read the article? As the author says, it becomes a state machine hell very quickly beyond very simple examples.

I just don’t agree that it always becomes a state machine hell. I even did this in C++03 code before lambdas. And honestly, because it was easy to write careless spaghetti code, it required a lot more upfront thought into code organization than just creating lambdas willy-nilly. The resulting code is verbose, but then again C++ itself is a fairly verbose language.