Originally Posted by Jay D

Yeah, but you're still destroying the wheel which is one of the most expensive components to the bike. But I still agree with your logic to a point. Regardless of that, putting a U-lock around the rear wheel like that causes it to rest on the chain which means you get grease on your lock and most likely all over your hands when you're messing around with it. Personally I don't like having to wash my hands frequently when I'm using my bike as a form of transportation. That's why I prefer to lock aroud the frame and away from the chain. But hey, that's just me.

Despite where you put the lock, I would hardly think Sheldon Brown would recommend locking your bike anywhere near the path of a bus. But again,I can see how an effed up wheel is a pretty good deterrent towards theft.