I didn't want to put all my projects under one Git repository, nor did I want to go in and run this code for every single project, so I made a Bash script that will automate the process. You can use it on one or multiple directories - so it can do the code in this post for you or it can do it on multiple projects at once.
#!/bin/sh
# Script by Eli Delventhal
# Creates Git projects for file folders by making the origin Dropbox. You will need to install Dropbox for this to work.
# Not enough parameters, show help.
if [ $# -lt 1 ] ; then
cat<