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I have been out of the loop for over a decade, where do I begin?
(lemmy.dbzer0.com)
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Usenet is great, but it's a client-server model, and things can be deleted from the servers (e.g. due to DMCA requests). The copyright agencies for very popular content automatically send DMCA and NTD takedowns for them.
On the other hand, torrents are peer-to-peer. They're practically impossible to shut down since there's no central server in control of everything. You don't even need a torrent file, just a magnet URI, which can be generated by anyone that already has the torrent.
Usenet is much better for rare/unpopular/uncommon content, since good providers have thousands of days of retention, whereas an unpopular torrent from 5 years ago would likely have 0 seeds left.