>Stake-n-Shake is considering accepting Bitcoin
I wish I could be excited, but I doubt that they are going to accept anything beyond that. I don't even trust vanilla Bitcoin anymore given it's sudden support from the government. I highly doubt that they would ever accept anything that is actually private like Monero.
@PurpCat I know that. I am happy that they are doing that, but this whole Bitcoin thing seems to be them appeasing the Trump administration and it's just going to draw in idiots who think Bitcoin is a panacea and have never heard of Monero. But that's probably what Trump and Elon truly want.
There needs to be a gateway drug, or a benefit to taking the additional steps to get into crypto. If privacy isn't the draw (and why would it be for a fast food chain?) then there needs to be something else. It's not ease of use yet, cash is still easier. "Money that appreciates over time" is (sadly) a novel concept now, maybe that's good enough, but then you're talking Bitcoin until something else with an equally impressive chart captures more mindshare.
@PunishedD @PurpCat The problem is that Bitcoin is even less private than credit cards or debit cards, unless you are practicing maximum OPSEC. Anyone can see who is exchanging with who on the blockchain. Anyone can be stalking you and see that you like to eat at Stake-n-Shake.
I mean, I would be fine with it if they also accepted other currencies (not necessarily cryptocurrencies) in addition to Bitcoin and fiat. Monero could be an option for those who know how to use it, but that also assumes that each individual store owner knows how to use Monero. Besides that, there are these notes called Goldbacks which have actual gold coated onto them. They are even legal tender in some states. I wouldn't mind Steak-n-Shake accepted those in states where they are considered legal tender.
1) How much will it cost us to start accepting Monero/Eth/goldbacks/etc including compliance costs and FOREX risks?
2) How many more burgers will we sell if we accept Monero?
I don't know how much better the answers look for BTC instead of XMR, but I'm certain they are.