Thanks to my good friend Simon I've been a happy git user for a few months now. I installed my own git server on Amazon EC2 using Ubuntu, git and gitolite and just fired it up once or twice a day to push and pull. This worked out fine but with more and more easy to use git hosting services springing up I gave Atlassian's bitbucket a try since it offers unlimited private repositories which is a bonus.
It took me a little while to figure out how to move my existing repository into bitbucket, especially since it was already tracking the existing remote repo on my server. What follows are a few easy steps that describe the process -

A quick note about this article: I chose a slightly misleading title in order to help people find it more easily as most would not know that a search for 'rewrapping .mts files' is what they may be after.