I always thought the Chinese model of dockless sharing was crazy. Human nature is to abuse the system and that happened in China with bikes being left out where no one would ever find them again.
In Chicago, it's a docking system and if you're a user, you like that because your credit card is out a thousand bucks if you lose a bike. I've no need to rent in CHicago as I have seven bikes in my garage, but I have rented a similar bike in Minneapolis and found it quite reasonable as a tourist. If I lived there and commuted, I figure lower cost options would apply.
These bikes are still heavy, although I must confess that younger folks in Chicago run away from me on those "heavier" bikes.