Folks no need for wiretap theories.. Skype has been tappable via using the stop start his of audio compression since its creation...ie Skype encryption is breakable via the stop start gaps in audio via audio compression used.
True such open holes does not affect text, except when skype forces it through China's servers.
The most secure approach is still encrypted text..
as member of the select DaveWinerNumber club I humbly suggest you Google DaveWinerNumber..my earning of said number was by DW asking for my phone number to debate a post :)
Why do we in using most UIs have our passwords encrypted when stored including web browsers? Anyone want to take a guess at this?
If you increase security across all links of the trust chain equally it gets severely harder to break by powers of ten or more. Why? Look up and study those 1940 information theory papers..
Now people what happens when you concentrate all your passwords on some cloud? That advantage you gained above gets thrown away as now you present a nice a juicy easy target t attack and they even advertise JUICY passwords stored here come and break it..
The actual harm is when the general public gets the notion that 'The Market is Rigged' and goes into other markets with the assumption that the next market is not rigged..for example crowd funding startups..