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> We’re planning to release it as open source once the code base matures,

If it's not open source, I'm not touching this. The one thing Git has over all these alternatives its that GitHub dies, Git is still around and is GPL.

If you really want to be taken seriously, please make sure its open source with a copyleft license.

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Point taken! Why copyleft though, and not MIT/Apache?

If a competitor to you comes up, and starts building a server around this client, they can start diverging from this client without upstreaming these changes.

It protects you, future users, and makes this protocol live beyond the age of any single company!

Its argubly why git hasn't gone away despite its shortcomings. And while it has been commercialized, it hasn't significantly diverged.

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