After reading it, I still have no idea what the difference is between a dye and a lake, or why it matters, but now I realize I also don't know what blooming is, whether it matters if a dye is water- or oil-soluble, what tinting by dispersion is (and why it matters if that's different from a dye), or why I should care about "dye load". Since those all seem to be involved in the answer to the main question.
Maybe there's a better page to submit to HN on this topic, because this one seems awfully confusing.