Pulling data from my ass I would say it would be smarter for cities to instead of this, just have a “bike parking” where some retired folk watches over the personal bikes not getting stolen

Toronto and Montreal have had em for years, funded by the city/ parking authority, and they rip. Stations everywhere, cheap as, don’t have to worry about anyone nicking them. Biggest problem is finding an available bike since a lot of commuters ride one way and they have to rearrange overflows by hand, and delivery guys hogging the fancy new e-bikes all day. But both systems are undergoing/ have undergone huge expansions, and have been widely considered a Good Thing

Drop bikes and scooter rentals are an absolute scourge, though