# ME AND MY FRIEND:
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**Me:** Hey! Come join this awesome site called Steemit! You can make money blogging!

**Friend:** Sounds great! How do I sign up!?

**Me:** Just go to this website, buy some Bitcoin and convert it to Steem, and then make a transaction to pay for your account creation cost. After that, you still won’t be able to post because you need SP, mana, and resource credits. To get those you’ll need to pay some more money. You have to first buy some other cryptocurrency again, though, and convert it to Steem!

**Friend:** Wait, I have to pay??? And...I don’t know shit about Bitcoin or any of that. 

**Me:** Oh, no, no. You only pay if you want to post, comment, or like other people’s posts! You’ll have to download a Bitcoin wallet to get your Steem account—which is like a Steem wallet—started.

**Friend:** But...

**Me:** Once you start earning Steem, SP, and SBD—those are basically the same thing but very different—you’ll have more power and can transact. To do that you’ll have to first pay to blog so that your blog can earn.

**Friend:** 

https://media1.giphy.com/media/xThuW4BaAA2f7nRvoc/giphy.gif?cid=19f5b51a5bac9a88724561765531be4c

How is this not a giant pyramid scam?