File sharing is the practice in which you are distributing or providing access to digital media such as, computer software, music, videos, movies, images, documents or electronic books.P2P file sharing allows users to access and function without the need for special server devices such as books, music, movies, and games. Google is a great example of a peer to peer lender. The nations largest peer to peer lender, gets borrowers and lenders together outside of the basic or traditional banking system. Although peer to peer file sharing is a great thing it is also becoming increasingly problematic for media companies, as stated in the New York Times' article "Digital Pirates Winning Battle With Studios." However some find it to be something great for everyone in the world, especially for receiving loans. For example in the article "Peers Find Less Pressure Borrowing From Each other", it states how Chanda Lugere, received a loan from a peer to peer source and received that loan within a week and with only a 6% interest rate which was about half of that of the banks.
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