"The 90-year-old chain, which began accepting Bitcoin (BTC) in May, ran a poll on X over the weekend asking its 468,800 followers whether it should expand its crypto options to include Ethereum. Nearly 49,000 votes were cast, with 53% in favor. However, just four hours later, the company suspended the poll, declaring its allegiance to Bitcoiners. "Poll suspended. Our allegiance is with Bitcoiners. You have spoken," Steak 'n Shake posted."
"Vitalik Buterin, Ethereum co-founder, defended Steak 'n Shake's decision. He suggested that crypto-adopting businesses should commit to one community rather than attempting to appeal to all, calling for "We need the stubborn ones who believe in their cause and their tribe and see their work as a labor of love to it.""
"The company's relationship with Bitcoiners has been financially beneficial. Since introducing BTC payments across U.S., French, Monaco, and Spanish locations, Steak 'n Shake reported a 15% year-over-year increase in same-store sales during Q3, a growth partially credited to Bitcoiners' patronage. Steak 'n Shake will also be launching the "Bitcoin Steakburger" on Oct. 16 to celebrate the company's adoption of Bitcoin."
Steak 'n Shake began accepting Bitcoin in May and polled its 468,800 followers on X about adding Ethereum, drawing nearly 49,000 votes with 53% in favor. The company suspended the poll after four hours and publicly declared allegiance to Bitcoiners. Vitalik Buterin defended the decision, urging crypto-adopting businesses to commit to a single community. Several vocal Bitcoin advocates threatened boycotts if Ethereum were accepted, with at least one later offering a free meal. After introducing BTC payments across the U.S., France, Monaco, and Spain, same-store sales rose 15% year over year in Q3, and a "Bitcoin Steakburger" will launch on Oct. 16.
Read at Bitcoin Magazine
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