I honestly fail to see how this is supposed to stop bike theft. Throughout my life I've had around 7 bikes stolen and it would be delusional for me to be think

I honestly fail to see how this is supposed to stop bike theft. Throughout my life I've had around 7 bikes stolen and it would be delusional for me to be thinking of ever getting them back. I once saw a guy with one of my bikes (a few years later after it was stolen) and I did nothing bc what could you possibly do? I didn't had proof of ownership and the guy most probably bought it so from his pov he was the owner and had the right to use their bike. The thing is, how would having my bikes indexed would've help? It wont be hard for the thief to remove the stickers and sand out the serial numbers. Also I don't think the next owner would care about the previous owner of the bike, if they would they wont be looking for 'cheap bikes' on craigslist which are obviousky stolen; and also, implying the average joe would know that bikeindex.org exists... Maybe I'm missing something but for the moment I just feel that $50K for stickers is too much...