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In this video tutorial, Nick discusses how not all open source software is created equal, as the rights regarding the software are defined by the attached license. He explains that some licenses are more permissive while others are more restrictive, determining the rights you have over the code. Nick goes on to explore the most commonly used licenses for free and open source software, detailing the specific rights they grant. Additionally, he mentions a sponsor who is offering $100 to help viewers set up their own Linux or gaming server, and recommends using Linode for easy deployment via their app marketplace.