I think the immediate concern is that github, under pressure from governments, could take down the bitcoin core repo

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There's technically already a "decentralised" git

It just happens to be running over Ethereum and IPFS lol.

Would be funny to fork a copy of BTC core onto it.

https://github.com/axic/mango

Does that mean Bitcoin itself is at the mercy of Microsoft if the Bitcoin Core repo is on Github?

no I’m sure a lot of people regularly back up the repo. You can do so yourself periodically if you like. It would just be inconvenient and cause a lot of confusion for awhile if they censored it