Would it be possible to create a software license where you can

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Would it be possible to create a software license where you can view and edit the source code of the copy of software you bought, but not redistribute? I'm on board with the idea of open source software, but I see the lack of ability for corporations to monetize it as a hurdle preventing it's adoption in most markets. So far, the only way regular consumers use free software is either it's bundled with hardware, and the hardware manufacturer open sourced the software to make their hardware more attractive, or the people who made the free software sell support contracts with it. If corporations could let you view and edit the source code/download edits somebody else made for it, that would bring the increase the security of the software by a lot because anybody can look at the source code and report bugs/security holes. It would also allow the modding community to thrive, and give corporations a way to protect their IP and profit off of it.