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It sounds more like western IPOs. Russian privatization distributed free ownership vouchers to the Russian population, who mostly weren't interested and sold them to the enterprise managers.

https://en.wikipedia.org/wiki/Privatization_in_Russia#Vouche...



~weren't interested~ Were busy trying not to starve to death and sold anything they had for whatever price somebody would offer. Ftfy


Valid point...and even less like Ethereum's presale.




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