I have to disagree here. Accidental complexity in a system can have severe downstream impacts on end users, whether that be in the form of poor performance, unreliability, or just slow update cycles. It's not something you can paper over and completely hide from the user.
> Along with this the blockchain layer layer offers immutable, transparent and tamper proof versioning of code
Tamper-proof can be accomplished natively by signing [0]. receive.denyNonFastForwards and receive.denyDeletes[1] can be used to make a git repository immutable. Git commits are also already content-addressable. And transparency is achieved by just having the repo available for people to clone.
> along with the collaboration meta and augments the current collaboration flow
Could this augmentation not be accomplished by storing the collaboration information in the repo under a set of special-purpose branches? Like git-bug[2] or git-issue[3]? Coupled with GPG signatures and you've got your immutability and tamper-protection, too!
And to be clear, I'm not suggesting we should just tell people to use these tools instead of giving them a good UI for it, I'm suggesting we should use these tools as the underlying mechanism for a decentralized GitHub. Build a great UX on top of git instead of embedding git in a blockchain.
> Along with this it enables us to provide a novel means to incentivize open-source contributions along with fostering a more decentralized approach for governance (even for projects), every token holder could have a say in the decision making, reducing the risk of undue influence by a single party, hence eliminating centralized control.
This one I'll grant you, but it's by far the least compelling aspect of the project to me. I don't think we're going to solve the centralization of GitHub by centralizing on a new plutocracy, I'd much rather see efforts towards full decentralization. There's nothing inherent to Git that requires that we all use the same set of servers.
[0] https://git-scm.com/book/en/v2/Git-Tools-Signing-Your-Work
[1] https://git-scm.com/book/en/v2/Customizing-Git-Git-Configura...