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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?

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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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