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I've always wondered how the two elements of the name ("victory" and "people") are connected.
- Is the people the winner? (And who would be the loser?)
- Is the bearer the winner? (And again: Who would be the loser? The people? Some other people?)
- Is there no connection between the two elements?
- Is the interpretation of the second element wrong as some say?

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Looking forward to your suggestions
Andy