That's not really a license and more of a tl;dr. There's a lot of value in picking an existing license to ensure people know what's up, and also that it can hold up legally if you need it to.
EDIT: To clarify, yes, I know that putting it there makes it "their license", and if I were to use code from their site I would adhere to it. My concern is that, because it's not actively shown when viewing the code itself, and because it's a roll_your_own license, it impacts how comfortable I'd feel taking the code and using it as part of other projects.
Yeah. I won't touch these because of that license.
It's essentially CC-SA, but with this:
"You are not allowed to take our work “as-is” and sell it, redistribute or re-publish it, or sell simple “pluginized” versions of it."
EDIT: To clarify, yes, I know that putting it there makes it "their license", and if I were to use code from their site I would adhere to it. My concern is that, because it's not actively shown when viewing the code itself, and because it's a roll_your_own license, it impacts how comfortable I'd feel taking the code and using it as part of other projects.