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Comment by sanathkumar
Thank you, dalke, for pointing out this big flaw in my understanding. I read through that link and many relevant web pages. What my essay proposes is mandatory licensing and not really open source. My vision for this license is to let people freely redistribute both the source and the binary and use it for either commercial or non-commercial purposes. However, if it was used for a commercial purpose, then a part of the revenue should be donated to a non-profit org.