The wallet itself I kind of get, but the rest is just data. With a ScanSnap and an iDrive account, the stuff that matters becomes so many electrons in the grid. Send the bits of dead tree off to Iron Mountain, insure your gadgets and stop worrying.
I think it's a sort of zen exercise, separating sentiment from utility. If suffering really is caused by attachment to transient things, then it seems to me that we have a truly unique opportunity to break attachments wholesale, at little or no cost. Keep your bits in the cloud and treat your atoms as if they're borrowed (which ultimately they are).
If we really want to reduce crime, locking people up isn't going to help - we have decades of recidivism as proof. There's no such thing as deterrent, not for people with chaotic childhoods who never developed self control or long-term thinking. If I'm robbed from, it's my fault, because I haven't done enough for the people in society with lives so crappy that petty theft seems like an attractive career.
Here in the UK, the average prison inmate is functionally illiterate, mentally ill and addicted to drink or drugs. One in ten is psychotic and one in five has attempted suicide. I imagine the numbers are much the same in the US. I see a lot of comments in this thread about preventing crime, about punishment and deterrent. If it worked, why is recidivism so high? Is the best we can do just locking people up?