Just to compare, this is the utopian dream for Toronto:
There are approx. 18 cars and trucks in that image.
They are taking up SIGNIFICANTLY more space, and are causing traffic.
Still, we keep saying, "give us more of this, please!".
Insanity or stupidity?
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I live in another very bike centric city, Copenhagen, and bike theft is ~0.5% of bikes every year. Many people lock the bike wheels here, some lock them to a rack/something else as well. It's a lot less locky than the US (where I used to live), but theft still exists.
Since everyone has more support and means here, there is a lot less incentive to steal a bike. It's of course punished harshly but rarely caught.
No clue how Amsterdam handles it or how prevalent it is
Way more prevalent but it's also kind of accepted as a part of life. People will have multiple bikes, the race one, the fancy one and a cheap one they bought 20€ from a local junkie and will get stolen again and resold the same way at some point. If you go somewhere with a safe spot for the bike you take the fancy one, if you're going out drinking you take the rust bucket.
That sounds like a non-issue.
Where I live, in Canada, I basically have to use two locks and an alarm on my bike.
Hell, thieves around here will break into garages or backyard sheds to steal a bike. Or right out of your apartment's bike storage.
I guess the point is, more bikes won't equal more problems 😂