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In this video, Nick discusses how not all open source software is created equal, as the rights you have regarding the software are defined in the attached license. Some licenses are more permissive while others are more restrictive, granting different rights over the code. The most commonly used licenses for free and open source software are explored, highlighting the rights they grant users. The video also mentions a sponsorship from Linode, offering $100 to set up a Linux or gaming server easily through their app marketplace with just a few clicks.