I like the proposed changes for the blocking system. You're absolutely right about the Reddit version. Giving users the ability to exclude others from the conversation was a foolish design choice which has already been weaponized and I think will only get worse once more people figure out how it works.
A few possibilities occur:
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Pickpocketing takes a certain level of skill. If you're criminally inclined, strong arm robbery or purse snatching are much easier.
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Maybe it does occur, but isn't reported to police (either because people assume they just lost their wallet or the amount lost isn't worth the trouble).
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Maybe it's reported to police, but isn't considered newsworthy.
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That's exactly how any new technology works. First, it's so expensive only the idle rich can afford to play with it. Then as more development occurs, funded by those same idle rich, it becomes cheap enough for the working rich. Then the middle class. Then, finally, for everyone.
To my mind, the biggest argument against "the rich keep it all to themselves"—aside from that never having happened with any other tech—is this: national borders. If Country A limits cognitive enhancement to its elites and Country B gives it to everyone, pretty soon Country A will be irrelevant.
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