As a Torontonian cyclist, according to what I see, we blow through stop signs way more than cars. Way more. Of course physically we can mostly just harm ourselves.
But yes the rules of the road have to change in this regard. The status quo is clearly car-friendly. Not only it doesn't prioritize cyclists, but it doesn't prioritize pedestrians either.
BTW, ebikes help negotiating the status quo a lot. They make stopping at stop signs trivial, as well as keeping a safe speed when riding where there's no bike lanes.