This type of license (not actually a license) has been around since at least 2020 but I ran across it while looking at the n8n workflow automation tool (which would be really useful but is too expensive for individual users like me; I can download it but the useful features are removed). The idea if fair-code is that it is software that is "is generally free to use and can be distributed by anybody, has its source code openly available, can be extended by anybody in public and private communities, is commercially restricted by its authors." In other words, it's the non-commercial license applied to open source, made necessary because large corporations would take open source software, set up commercial hosting service, and not contribute at all to the software.
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