The Priceonomics website explains that bike theft is rampant even if not very lucrative because "For all practical purposes, stealing a bike is risk-free crime." Reportedly, it's almost impossible to get caught for stealing a bike and even if you are, "the consequences are minimal."
In San Francisco, if you ever leave your bike unlocked, it will be stolen. If you use a cable lock to secure your bike, it will be stolen at some point. Unless you lock your bike with medieval-esque u-locks, your bike will be stolen from the streets of most American cities. Even if you take these strong precautions, your bike may still get stolen.
According the National Bike Registry and FBI, $350 million in bicycles are stolen in the United States each year. Beyond the financial cost of the crime, it's heartbreaking to find out someone stole your bike; bikers love their bikes.
|"There is a really powerful connection from children's early beginnings to where they end up."|
|Infographic: Hipster Fashion Cycle|
|Where Nobody Lives|
|Tweetping: Twitter Activity in Realtime|
|“Eliminating the time needed to stop and re-charge a conventional electric car’s battery.”|
|“Nobody is forcing the participants to stay, of course, but if they leave, they won’t be paid.”|
|“That science fiction future where robots can do what people and animals do may be closer than you think.”|
|Making a Movie Inside a Video Game|
|“This 160-step biochemical process is very well studied, and surprisingly inefficient.”|
|Google Map Shows You the Most Photographed Areas of the World|
|“We’re going to start to see chip implants get the same realm of acceptance as piercings and tattoos.”|
|“During this phase of decline, the US was likely to go through a phase of reactionary 'fascism'.”|
|“The shift from fuel and pistons to batteries and electric motors is unlikely to take that long.”|
|“Our Internet handlers, not government, are using operant conditioning to modify our behaviour today.”|
|“Within 30 years, half of humanity won't have a job. It could get ugly — there could be a revolution.”|
|“The algorithm chose; Max attended.”|