This has been known for a while now, but the city hasn't done anything yet. I just feel like going out and breaking a bunch of empty ring-posts myself just to send a message.
The lock was probably worth more than the bike, it was a really bad beater bike that I wasn't keeping, and I am more pissed off about losing the lock. On the way home that night, I noticed the thieves did a thorough sweep of the city - Sunday night, empty streets. There was another ring taken off a post, and many victimized bikes. My main bike is actually a folder, so I don't have to worry about this BS anymore.