Yes, it's great for that purpose, except when two ore more people edit too vigorously at the same time. E.g. a file is updated by your friend, while you're work

Yes, it's great for that purpose, except when two ore more people edit too vigorously at the same time. E.g. a file is updated by your friend, while you're working the same file open in an editor. When you save, you overwrite his changes. If you have a solution to this problem, let us know... :)