You know, I was thinking, now they are making microchips for dogs, which dont cost very much at all.
They should come out with a tiny little piece, that you can slip down your seat tube or something to get it down inside your frame, unnoticable, and it basically isnt activated until you need it to be. Say your bike gets stolen, you call a hotline, they activate the chip, they track the chip, and whala , you know the exact location of your bike. Call the cops, let them know, have them escort you to the location to reclaim your bicycle and lock away the thiefs.
Does this sound a little too overboard? I dont think so, with the high rate of bicycle theft, I think it would be a brilliant way to track our bikes when they are stolen, and at the same time, arrest the thiefs. Maybe the chip could be in the form of a sticker, like the things they sometimes put on clothing, or cd's. You could just stick it to the inside wall of your frame, and wala, a descrete tracking device.
What you ya'll think of this.