Altcoins News
By Evie Vavasseur
1 / 15
Steak ‘n Shake Suspends Poll After Community Outrage. On Saturday, Steak ‘n Shake asked its 468,800 followers on X (formerly Twitter) if it should begin…
2 / 15
Bitcoin Remains the Sole Crypto Payment Option. Steak ‘n Shake began accepting Bitcoin (BTC) payments on May 16, in all locations where local…
3 / 15
Bitcoiners React Strongly Against Ether Integration. The idea of expanding beyond Bitcoin was met with sharp criticism from well-known Bitcoin advocates.
4 / 15
Vitalik Buterin Responds to the Controversy. In an unexpected twist, Ethereum co-founder Vitalik Buterin weighed in on the controversy — but…
5 / 15
Crypto Tribalism on Full Display. The episode highlights how tribalism remains deeply rooted in the cryptocurrency world, even as…
6 / 15
Steak ‘n Shake Doubles Down on Bitcoin Loyalty. Reaffirming its allegiance to Bitcoin, Steak ‘n Shake announced a new “Bitcoin Steakburger” set to…
7 / 15
Conclusion: A Lesson in Crypto Identity and Brand Strategy. Steak ‘n Shake’s Ether payment controversy serves as a reminder of how brand alignment within…
8 / 15
Fast-food chain Steak ‘n Shake has swiftly reversed its decision to consider accepting Ethereum (ETH) payments after strong backlash from the Bitcoin community.
9 / 15
On Saturday, Steak ‘n Shake asked its 468,800 followers on X (formerly Twitter) if it should begin accepting Ether (ETH) as a form of payment.
10 / 15
However, despite the poll showing 53% in favor of Ether out of nearly 48,815 votes, the company decided to suspend it just four hours later following backlash from Bitcoin…
11 / 15
“Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” the company announced on X, signaling a complete U-turn on the proposal.
12 / 15
The move came as a surprise to many, especially since Steak ‘n Shake has been one of the few major restaurant chains openly embracing digital assets.
13 / 15
The adoption of Bitcoin has coincided with a 15% year-on-year increase in same-store sales in the third quarter, according to the company.
14 / 15
Given that success, many Bitcoin supporters expressed frustration when the company considered adding Ether as another payment option.
15 / 15
“I promise, if you accept ETH, I will never eat at your restaurant again,” said Adam Simecka, the creator of the Manna Bitcoin self-custody wallet.
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