Three or four weeks ago a yellow "parking bay suspended" sign went up over three car parking spaces next to the place where I usually park my motorbike at work, saying that the work would start at the beginning of last week
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Where I live, there was a no-pay scheme which allowed people to pick up a bike painted bright red, ride it around for as long as wanted, and then drop it off for someone to pick it up. The bike was pretty low quality, and presumably the idea was that the cost of painting and repairing the bike up for resale would be more than the bike was worth. The scheme may, however, have underestimated the extent to which some people are determined just to wreck any good thing in order to prove that they have power
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They've tried schemes like that in the UK with mixed success - see links to the cambridge scheme in armb's post. Given London's size I think the scheme pretty much has to be one that requires a quick turn-around, or they will soon run out of bikes.
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