Steak ‘n Shake has changed course on a potential plan to accept Ether (ETH) payments after several Bitcoiners balked at the idea of expanding the brisk food chain beyond Bitcoin.
Steak and Shake he asked his 468,800 X followers on whether he should accept Ether on Saturday, promising to “abide by the survey results.” In the poll, 53% of 48,815 votes voted “Yes,” but the brisk food chain suspended the decision about four hours later due to opposition.
“The survey is suspended. We are loyal to Bitcoiners. You said it,” wrote X.
Steak n’ Shake began accepting Bitcoin as payment on May 16 in all of its locations where it is permitted by law, including the US, France, Monaco and Spain.
In the third quarter, Steak n’ Shake announced same-store sales rose by 15% year-over-year, partly attributing the growth to Bitcoiners supporting the chain.
So this made sense, as several Bitcoiners criticized Steak ‘n Shake for even considering expanding its crypto payment options beyond Bitcoin.
“I promise that if you accept ETH, I will never eat at your restaurant again” he said Adam Simecka, creator of the stand-alone Bitcoin (BTC) Manna wallet.
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“The fact that you even created an ETH survey is disappointing.” in addition a user named “Colleen”, also known as The Bitcoin Gal, while Bitcoin creator Carman was one of many who did so he said the survey damaged Steak ‘n Shake’s reputation.
It’s a reminder that Bitcoin and cryptology remain alive and well. Many Bitcoiners consider Bitcoin to be the best form of money. Michael Saylor once said, “There is no second best crypto asset, there is a crypto asset and it is called Bitcoin.”
Vitalik Buterin defends Steak ‘n Shake’s decision
While some criticized Steak ‘n Shake’s quick change of heart, interestingly enough, the decision stood praised by one of the biggest names in the Ethereum community, Vitalik Buterin, who suggested that companies accepting cryptocurrencies should stick to the crypto tribe rather than trying to attract the attention of as many customers as possible.
“We need stubborn people who believe in their cause and their tribe and see their work as an expression of love.”
Last week also had Steak ‘n Shake announced that it will release a “Bitcoin Steakburger” on October 16 to celebrate the company’s adoption of Bitcoin.
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