Charlie Munger has compared Bitcoin to turds. What he doesn't understand is that he's arguing against his own point.

1. Turds are fertilizer, and there is a global fertilizer shortage. You can't eat gold and you can't eat stocks, but you can eat turds (indirectly of course).

2. When shit hits the fan, all you have is turds.

3. Making turds is the best part of my day. Turds are a raison d'etre.

4. Turds are perishable because dogs eat them and toilets are flushed accidentally during drug-induced seizures. Therefore scarcity.

5. The Israelites lived on bird turds ("mana") on their journey to the promised land.

Let us celebrate Bitcoin, the turd of Web 3.