Earlier quoted context omitted.
Plenty of locks are mostly just for show anyway. See Lockpicking Lawyers youtube channel.
Yes, but the average bike thief is looking for an easy steal and will avoid wasting time on a locked bike. Bikes in the Netherlands usually have 2 locks (a wheel lock and an extra chain), so thieves will usually move on from those first. A portable laser might allow a thief to steal even previously safer bikes just because it makes it quicker and silent (I'm assuming both).
Cutting through a chain is going to take much much longer. There are already quicker methods to cut or break bike chains and disable locks.
Also cutting with a laser requires very precise alignment with respect to distance. You won’t be free handing this. You’d need to mount it on a device capable of precisely adjusting the distance as you cut deeper into the metal.
Plus it’s relatively easy to engineer laser resistant materials.