Its ok to be unable to read, but dont make that other peoples problem.

https://github.com/ErikMcClure/bad-licenses/blob/master/hot-potato-license

This is copied from V2 but same thing:

All rights reserved by the last person to commit a change to this repository,

No explanation needed

except for the right to commit changes to this repository,

Also no explanation needed

which is hereby granted to all inhabitants of the Milky Way Galaxy for the purpose of committing changes to this repository.

This refers to the previous section meaning everyone can make commits to the repository except for the person excluded by that same section