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Or you could just use BitBucket.

BitBucket is a good alternative and I have deep respect for Atlassian team. But I also like to use open source where possible. Especially for as something as basic as code management. What do you think?

Why is bitbucket not open source?

Because Atlassian makes money on the self-install version called Stash http://www.atlassian.com/software/stash/overview

You get the source code when you buy a license but it is not open source.

Bitbucket and Stash are different products with different codebases. Bitbucket is written in Python and Stash is written in Java.

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