Though I don't agree with how you're saying what you're saying, I am curious how this issue is planning to be addressed.
As a SF resident, let's say I took a bike home to hayes valley. I'd say there's a 90% chance your bike will get stripped/stolen each night (assuming it's locked well with a good lock) in this area. Would I be liable for this as a user?
Also I can't imagine this would be profitable if there isn't a revolutionary change in theft-prevention. Perhaps it's the GPS component will help discourage thieves?