For branches versus repostates, it’s a variable versus value thing: at any point in time, the value of a branch is a repostate. If I do, say, a pull operation, then the value of this branch is going to be another repostate. I can’t think of a better word to carry that idea than branch right now, and the word is quite standard, so I think we’re better off keeping even though, as you said, branching is not fundamental to how they’re used. The alternative would be to call them “feeds” or “channels” to carry the idea that you want to watch their contents in order to follow the development of the project.
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