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I do think there are some downsides to the open-sourcing process. I'd hate for someone else to just steal my work and pass it off as their own, but I guess that might be something I'm willing to risk. I'd like other programmers out there to be able to learn from some of the things I've done, and I would welcome the opportunity to have people help out. I'm not saying that such collaboration would appear overnight, because I definitely have some things to learn about managing a git repo, but it would help a lot.
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Release it under gpl license
This would mean it can't be included in proprietary software and everyone forking your project needs to publish the source as well.
Also everyone deriving from your project would only be allowed to release it under gpl as well and you as license owner would be the only one who is allowed to change the license.
http://en.wikipedia.org/wiki/GNU_General_Public_License
This could as well be helpful for you http://help.github.com/git-cheat-sheets/
Good luck with your project, I really like it
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