For many of us, the story rings true. We have ourselves had horror stories that we did manage to recover from after a few hours of fearfully googling, and we know of other, less capable friends and colleagues who were unable to recover the data and who just accepted the loss.
You think Microsoft losing GitHub repos is more likely than poor bastards trying to make sense of the git command line? You think these guys are going to do a worse job with their centralized service?
People have lost data on GitHub from repositories being copyright striked for example.
At least with git, every developer has a copy of the full history so full data loss is impossible really. What happens if this company folds? You're left with some proprietary repo that you suddenly have to workout how to self host.
It just doesn't make sense when compared to just learning git which is definitely the most fruitful thing a developer could learn at the start of their career.
It's a pitch. The story has obviously been embellished and polished and condensed, ready public consumption. Being pedantic against it is not productive.
Politely disagree. It’s productive because hopefully future teams who launch on HN ask each other, “Is what we’re saying true?” during all those polishing and condensing sessions. If they don’t, the risk is crossing a line that damages the reputation of the team and undermines months if not years of hard work.