This seems unnecessary to me. In the example, the core of git should be a library yo can link so you don't need to run the binary. That would be better in every way.
If I use a library, I also need to start using threads and need to invent some core synchronization mechanism. I essentially are reinventing a small scheduler, when I already get this from the OS for free. Also know any crash in the third-party code will crash the whole program, the third-party code has access to the whole address space. With invoking a process you also have a standardized API implemented by the OS.