A week ago I couldn't have answered this question. I'd been riding the bike I got in 2007. But now I have a brand new bike, which I'm not ready to subject to the elements if I can help it. Today, for example, I rode my beater bike (the 2007) since thunderstorms were in the forecast. Turns out it didn't rain, but that's beside the point.

As far as it getting stolen, I can say I will take every bit as much precaution with the beater as I do with any other bike. I don't want to lose it. Then I'd have to use the new bike in foul weather.

But I don't know that it meets either of your criterion for being a beater.

That's my story.