I found this article and this video very eye-opening. The video show how easy it can be for a bicycle thief to steal a bike, even with several witnesses. People simply don't stop. I'm assuming people don't want to get involved with criminals, and there may be some who assume that the person cutting the lock is the owner who simply forgot his key.
Even when thieves do get caught, the penalty is minimal. Scary stuff.
I've only had one bicycle stolen, and that was 35 years ago.
Have you ever had one stolen?
