Development of Creative Commons licenses

["Carl Camera" <carl AT vinebranches.com>]

Yes, I've seen the admonishions about software - but for 
the most part the admonishions assume source code.  That 
is not my case.

So my main concern is folks getting my software for free 
and then making money from it -- I am under the assumption 
that "nc" prevents this. ie...

c. "You may not exercise any of the rights granted to You 
in Section 3 above in any manner that is primarily 
intended for or directed toward commercial advantage or 
private monetary compensation. The exchange of the Work 
for other copyrighted works by means of digital 
file-sharing or otherwise shall not be considered to be 
intended for or directed toward commercial advantage or 
private monetary compensation, provided there is no 
payment of any monetary compensation in connection with 
the exchange of copyrighted works.

So I guess this is a basic CC question concerning "nc" -- 
if I obtain a photograph through a "nc" license alter it 
to create a new-derivative work, can I sell it?