Needless to say - I was very disappointed. I had originally started looking into FHE, functional encryption, and hommomorphic encryption as a novel solution to several trust problems in the Bitcoin world (as you could potentially write fully self-contained, encrypted, ECDSA signing and verification programs that could operate as fully decentralized autonomous entities.) So when researcher say that FHE is holy grail type stuff - they really aren't joking.
My question is: how long until any of this stuff will work for large algorithms?