[revelation]

As I see it, these guys took US$60 million from VCs and used it to donate 350000 perfectly robust bicycles to some parts of the world most in need of modern transportation (SF).

They are goddamn heroes. If you gave the same money to the SFCTA they would probably build a mile of highway facsimile.

[tstyle]

> (Bluegogo) holds tens or even hundreds of millions of dollars in deposits from its approximate 15 million users, which many now fear cannot be refunded.

These guys took millions from users in the form of deposits.

[tinus_hn]

So as a user you should take one bike and hold it as leverage. If they don’t return the deposit you sell the bike.

[londons_explore]

The bikes really are pretty bad. They have Bluetooth locks, so if the company goes bankrupt I doubt anyone will be able to take on the fleet.

[revelation]

They are much better for commuting use than any Walmart mountain bike ever was.

And the bluetooth lock without the company monitoring it.. that's just another wheel lock. They are not very secure at all.