Yeah, I'm with some of the other posters..... Brought up in the 80's on a Raleigh Arena. 5 speeds.
Bad? Here we go:
-Really really crap crap brakes (and the suicide levers did slow you down, but they were still terrible)
-Needed to be an Olympian to lift the blessed thing
-Perhaps down in deepest darkest Surrey the thorns were wimpy, but oop int'Noorth they'd slice through the tyre causing punctures and teenage angst
-Was always using black electrical tape for handlebars as being a teenager I could never afford the real thing. Would have been better off with no tape -particularly in hot weather when it just melted and got sticky.
-Putting up with a drive chain that was absolutely knackered and constantly slipped, couldn't afford to fix it -ended up cycling with the only non-slipping gears until it was down to being a single speed
-Crap crap crap cotter pins and bb design (my knocking bb was never replaced)
-And then when I finally did get a new chain, having to use a hammer, punch and half a brick to rest the chain on....
-Crap crap crap friction gear changes -with the lever on the down tube (a very natural at hand position if you were an orangutan)
-Cursing the designers at Raleigh for inventing the worlds most inefficient and useless one eighth size mudguard.
Pros
Freedom and priceless memories over many many miles
Honestly, bikes are much better now, its just the time of my youth I miss.