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Nick discusses how not all open source software is the same, as the rights you get are determined by the license attached. Some licenses are more permissive while others are more restrictive in terms of granting rights over the code. He goes on to explore the most commonly used licenses for free and open source software and the rights they provide. The video is sponsored by Linode, who offers $100 to set up your own Linux or gaming server easily through their app marketplace. Deployment is straightforward with just a few configuration options and a single click to deploy the server, making it suitable for both development and gaming environments.