Also, that is exactly what we used to say with gitolite, and it didn't go that well. :(
Personally I'm hosting my personal projects on a gitolite+gitweb at home, and I'm looking forward to see git integration in friendica for the stuff I want to publish (Friendica and not pump.io because in friendica there is already something done, see e.g. http://social.gl-como.it/projects/gl-como/sito/commits/master but of course both would be fine)