No, sRGB refers to both a colour space and an encoding of that colour space. The encoding is non-linear to make best use of the 256 levels available per channel, but you were never supposed to interpolate sRGB by linearly interpolating the encoded components: you're supposed to apply the transfer function, perform the linear interpolation at higher precision, and then convert back down into the non-linear encoding.

Failure to do this conversion is what leads to the bad results when interpolating: going from red to green will still go through grey but it should go through a much lighter grey compared to what happens if you get the interpolation wrong.

I think GP is referring to the difference between "normal" (gamma-encoded) sRGB and linear sRGB. Though it's not logarithmic but a power law. In any case linear interpolation done in non-linear sRGB gives you intermediate colors that are darker than they should (though historically it's been so common in computer graphics that people are accustomed to it).