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Baylor Lariat W E ’ R E T H E R E W H E N YO U C A N ’ T B E FRIDAY
JANUARY 26, 2018 Opinion | 2
B AY L O R L A R I AT. C O M
Arts & Life | 6 Behind the art Local art store owners discuss being part of Waco community.
Be supportive
Victorious
Lady Beats ranked 1st in the Big 12 after victory over UT.
C R A E S B
Core class changes approved
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Counseling center should offer long term support for students.
Sports | 9
Required hours reduced to 49/50 THOMAS MORAN Staff Writer
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“We usually think of money o ot as being something Ph that ... has at least relatively predictable value,” VanHoose said. “With [cryptocurrencies’] value fluctuating so wildly from week to week … the likelihood that it will be used as money right now is very small.” While Bitcoin is the cryptocurrency generating the most buzz, there are other “altcoins” up for sale such as “Dash” and “Monero.” Sacramento, Calif., junior Robin Vo bought stock in the cryptocurrency company, Ethereum. Vo said she bought stock in Ethereum when a friend told her the investment was a good idea. After investing $2,500 for about a io n
In January 2009, a company named Bitcoin released its first units of decentralized “cryptocurrency”: in essence, digital cash. Since then, over a thousand cryptocurrencies like Bitcoin have been created, leading to speculative conversations about the purpose and practicality of this new form of currency. Simply understanding what cryptocurrency is can be puzzling. There is no coin or physical dollar bill changing hands. Instead, it is a long string of numbers that can be printed or stored on a flash drive to keep safe from hackers. Dr. David VanHoose, Baylor professor of economics, said one potential benefit of a cryptocurrency is that it is not controlled by any
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month, she sold her stocks for $7,500. Vo said she wanted to invest in a cryptocurrency because she wanted to make money to help pay for her tuition. She said she was looking for a way to help her mom with the cost of Baylor.
For the first time since World War II the College of Arts and Sciences is getting a new core curriculum. The new curriculum, officially announced this week in a letter from Dr. Lee Nordt, dean of the College of Arts and Sciences, will take effect in fall 2019. There are currently four different lists of core requirements for the various degrees, but in the new vision, all four degrees would share the same list of requirements. The five common courses that the degrees currently share are Chapel, U.S. Constitution, Christian Scriptures, Christian Heritage and Thinking and Writing. With the new core, there would be eight common courses: Chapel, U.S. Constitution, Christian Scriptures, Christian Heritage, Thinking and Writing, U.S. History in Global Perspective, Cultural Events Experience and Civic Engagement Seminar. Bachelor of Arts and Bachelor of Science degrees currently require up to 79 hours in core courses, so the change to a 49/50 hour requirement may make it easier for students to pursue multiple majors, minors or electives. It is also intended to eliminate some of the difficulties pre-med students face if they decide to major in humanities or social sciences later on. The current core curriculum had not been assessed or re-evaluated in decades and had grown somewhat haphazardly through the years, Nordt said. The current core, which has increased to around 70 credit hours, is one of the largest in the nation. “We couldn’t even find the last time anyone had ever looked at our core,” Nordt said. In 2012, the College of Arts and Sciences re-evaluated the current core and found that it did not provide a sufficiently “transformational education,” one of the five tenets listed in Baylor’s official vison document, Pro Futuris. Dr. Blake Burleson, associate dean of the College of Arts and Sciences, played an integral role throughout the past six years and will continue to do so until the new core curriculum’s enactment in 2019. One primary issue that he and many other contributors found with the current curriculum is its inconsistency across the BA, BS, BFA, and BSAS degrees. “Each of these degrees have different cores,” Burleson said. After establishing that change was necessary, Dean Nordt appointed a select group of faculty, each individual representing a different field of study, to
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“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.”
— Warren Buffett, chairman and CEO of Berkshire Hathaway, told CNBC
government or backed by a third-party financial institution. Cryptocurrencies are traded directly from one individual to another. This concept, called “decentralization,” means that there is no central authority controlling exchanges. Cryptocurrency works by creating an open database called a “blockchain.” A blockchain
CORRIE COLEMAN Reporter is a chronological list of all the transactions ever made. The information from the previous transaction, as well as the current transaction, is run through a secure code. This creates a new block, which is then added to the chain, forming a long, unique series of numbers. Network operators are constantly verifying each transaction, making it virtually noncounterfeitable. Although the prices are volatile now in their infancy, these currencies in the future will potentially not be as affected by issues like inflation or taxation. “One of the problems with many government currencies, including our own … is inflation erodes their value,” said VanHoose. “A dollar buys you a whole lot less today than it did when I was young.” Cryptocurrencies are less subject to this kind of devaluation. On the other hand, there are drawbacks. For instance, the prices of cryptocurrencies like Bitcoin have fluctuated dramatically. Last week, Bitcoin lost 20 percent of its value. The demand for cryptocurrency changes depending on the buyers’ perceptions of its value, something that can shift quickly and unexpectedly. As the demand rises and falls, so does the price. “With Bitcoin’s value fluctuating so wildly from week to week, month to month, there’s no predictability of value,” VanHoose said. “It could fall just as fast as it rises.” According to VanHoose, this unpredictability means that cryptocurrencies are difficult to use as real money. Instead, it is mainly traded for profit, like a stock. Despite this instability, some businesses like Reddit and even KFC Canada have started accepting Bitcoin as payment — hoping to cash in on the cryptocurrency boom.
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“Cryptocurrencies have the potential to change how money around the world works from the ground up. ” — Baiju Bhatt, co-founder and co-CEO of Robinhood, told CNN Money
Waco teacher arrested for child porn possession REAGAN EBB Staff Writer Waco Independent School District elementary school teacher Jeremy Luke Adler was arrested Thursday morning and charged with possession of child pornography. Adler, 37, teaches fourth grade at Cedar Ridge Elementary School. He began teaching at Cedar Ridge in April 2017. Vol.118 No. 31
Adler was taken into police custody while the Texas Attorney General’s Office issued and preformed a search warrant at Adler’s home in Woodway. This is not Adler’s first offense. Sgt. J.D. Newlin of the Attorney General’s office executed a search warrant earlier this month on Adler’s computers, discovering multiple internet searches for child
pornography. “The affiant knows that these types of searches are indicative of someone attempting to locate child pornography,” Newlin wrote in the search warrant. Adler caught the attention of law enforcement when a Cybertipline Report from the National Center of Missing and Exploited Children alerted them that Adler supposedly
uploaded images of naked children on Dec. 9. According to the search warrant, the photos reportedly depicted a nude young girl around 8 to 10 years old. Waco ISD said in a public statement that they have no reason to believe the incident involved Waco ISD students. After reviewing the findings of the search warrant, Newlin subpoenaed
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Jeremy Luke Adler © 2018 Baylor University