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There is this https://code.google.com/p/gittorrent/ although I've never tried it...

I think they're two different projects, but this is exactly what I thought of. A separate Chinese DDoS was even mentioned by cjb in his announcement of GitTorrent a few months ago: http://blog.printf.net/articles/2015/05/29/announcing-gittor...

It would be really nice to get it to succeed. Decentralisation is almost always preferable.