Earlier quoted context omitted.
If the data is encrypted, does the concern still apply? You bring up the example of Onedrive, but there is no use of e2e encryption or HE techniques there.
> If the data is encrypted, does the concern still apply? Yes! For so many reasons! If an adversary is able to intercept encrypted communications, they can store it in hopes of decrypting it in the future in the event that a feasible attack against the cryptosystem emerges. I don't know how likely this is to happen against homomorphic encryption schemes, but the answer is not zero. I'm not suggesting everyone should…
Appeal to bandwagon; opinion discarded