How do you pull from your team members when hosting site is down?
If not, "git bundle" supports coordination via email, which is the workflow that git was originally designed to support.
What I usually do is I copy the .git to another name before running zip, so it doesn't extract as .git :)
This is also one of the reasons you shouldn't commit binaries, especially large ones.
hg pull -r deadbeef http://developer-01:8000/
Remember, we're in DVCS land here.