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In this video tutorial, Nick explains that not all open source software is the same, as the rights you have with the software are defined by the license attached to it. Some licenses are more permissive, while others are more restrictive. He delves into the most commonly used licenses for free and open source software, discussing the rights they grant you. The video is sponsored by Linode, which offers $100 to deploy your own Linux or gaming server, making it easy with their app marketplace and one-click deployment system.