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In this video, Nick discusses the varying rights and permissions associated with open source software licenses. He explains that not all open source software is created equal, and the license attached to the software defines the rights you have over the code. Some licenses are more permissive while others are more restrictive. Nick goes on to discuss the most commonly used licenses for free and open source software and the rights they grant. Additionally, he mentions Linode as a sponsor, offering a hundred dollars to set up your own Linux or gaming server easily with their app marketplace.