Steak 'n Shake comment after accepting bitcoin for payment 9 months ago

[fullfitlarry]

https://x.com/BitcoinMagazine/status/2023453231867937193

And it's all good according to them, as their sales have risen when they started to accept Bitcoin. But let's see how it goes for them, this is going to be a big challenge for any business before them, a bear market. If they can sustain it for the next bull run to come, then we can say that they have indeed pass the test with flying colors.

[X-ray]

Good to know that they are still doing pretty well with their bitcoin payment acceptance. I'm curious how they can manage in bearish market like this but knowing that they will keep accepting bitcoin is a good sign.

The fact that by just accepting bitcoin, it could bring people who are excited to use bitcoin for payment to buy their stuff is something that people often failed to see. Accepting bitcoin doesn't only give you decentralization freedom but also additional customer coverage.

[Sandra_hakeem]

I think EL MOHA is referring to regulatory policies, specifically the lack of recognition of Bitcoin as a currency. There must be businesses in some countries like Vietnam, Bangladesh, and others which would've otherwise wanted to publicly announce that they accept Bitcoin payments if not for Bitcoin's illegal status as a direct mode of payment or payment method for goods and services.

Some powerful people just don't want to have a channel of decentralized transactions that doesn't necessarily need to go through their corrupt protocols. That's how greedy they can be-- every medium is an opportunity to implement their taxation policies, and if they're not given a percentage or two, they whine around and extend their sanctions. I think I see where this is going.

"Scared" to publicly declare that they accept bitcoin? Pardon my ignorance, but why? Is there a deeper secret that I don't know?

Businesses will be closed, and business owners will be arrested and subject to criminal and economic sanctions^(*). This is, at the very least, a threat to our country, especially in key tourist destinations. This news became a major local headline at the time, and no business dared to openly accept crypto to this day.

*) https://coinvestasi.com/berita/kafe-di-bali-gunakan-kripto-sebagai-metode-pembayaran

I read through the link, and I fear that this is not just mere threats anymore... Investors now have to deal with retributions for investing on what they think has a stronger growth pace, with their own money? I can't even make my choices anymore... Damn!!
But, why's the case different with Steak 'n Shake?

[Dunamisx]

Using bitcoin the most during the bear market, people have been accepting the use of bitcoin together with industries and organizations that are reputable, all because they realized the traffic that could be generated when bitcoin is being included as part of their payment medium, because we have so many customers willing to buy and patronize them using bitcoin, therefore, only the acceptance of bitcoin alone is a driving force not to talk of other benefits that may come along, be it in the bull or bear season.

[Peanutswar]

Been seeing their restaurant that its related into crypto because of offering a bonus when their employees are doing an overtime work and seems this marketing strategy works on them because upon their post its become a succesful to them so by this creation of hype its not only about the crypto payment, sooner or later people now getting normalize paying cryptocurrency into businesses because the convenience that they are into crypto at the same time its a hassle free transaction beside from having a banks of course. So slowly we are shifting into adaptation.