Obviously this is the dawn of a new age of cypto currency but if they ever expect bitcoin to become mainstream and not just somebody's hobby shouldn't all these issues be addressed by the software programmers of bitcoin.  I mean do you really want to solve this problem?  Well its easy. Let me outline the steps:

1. The bitcoin software needs to encrypt the wallet file.  It read/writes to a wallet that always remains encrypted
2. If you really want bitcoin to go mainstream then it seems to me like incorporating a trading mechanism like mtgox directly into the software itself would seem wise.  That way you don't need to rely on an ewallet system which can be compromised every time you need to convert currency.

Till these two problems are solved how can anyone rely upon bitcoin as a reliable and secure means of currency?

~J

I would like for someone to respond to what is written here:
https://en.bitcoin.it/wiki/Talk:Securing_your_wallet#Flaws_with_argument_regarding_encryption

Because the way I see it bitcoin needs a way to encrypt a wallet file and read a wallet file that always remains encrypted.  This is a fundamental flaw with the system.  Don't you think its quite humorous that a system designed to transmit and verify funds which is built upon very advanced cryptography leaves the primary agent completely unencrypted.  Think about this for a second.  Bitcoin = cryptocurrency.  Bitcoin Wallet = completely unencrypted.  This makes no sense.  I mean does this make sense to you?  So all these people who praise Satoshi Nakamoto for his genius regarding using cryptography to allow for anonymous transactions of currency can't or won't take it upon themselves to create software that will encrypt and read an encrypted wallet.  Why?

Maybe the inventors of bitcoin are the ones we need to be holding accountable for this problem.  If bitcoin simply was able to read a wallet that was always encrypted none of us would be having this discussion.  End of story.

Hello,

Obviously what you are suggesting doesn't adequately address these issues.  For more info of why you cannot secure your wallet aside from the bitcoin software being able to encrypt and read an always encrypted wallet file please go here:
https://en.bitcoin.it/wiki/Talk:Securing_your_wallet#Flaws_with_argument_regarding_encryption

Bitcoin is flawed.  There is no way to 100% secure your wallet until the software becomes capable of reading a wallet file that is always encrypted.  Till this problem is solved we will absolutely see more trojans that will aggressively attempt to locate, copy, and transmit wallet files over the internet.  This is a huge security hole.

~J