"Obviously it costs money to run a site, so there will be a transaction fee structure, maybe as high as 10% or as low as half a percent".
Then of course there will be an extended period before that sale process results in a completed transaction.
Publisher SEE Virtual Worlds says it will be employing a micro-transaction model – there will be no charge for downloading the game and no subscriptions, but players will be able to buy access to special equipment and customisation options for their avatars.
The one exception is that InMobi takes a 20% cut on paid apps to cover the overheads of the monetary transaction, but ultimately there will be no margin made on this, with the promise being that these developers may use InMobi's ad network in the future.
Four or five power producers will supply electricity under some sort of "pooling" arrangement, but instead of arm's length transactions and genuine competition, there will be political favouritism and venality.
However, if a large volume of bitcoin transactions happen "off-chain" there will be a smaller reward for miners who, once the last bitcoin is created well into the next century will entirely depend on transaction fees for income.
The other area where we expect to continue to see many transactions is e-commerce, where there will be both consolidation and strategic transactions.
Banks still will go through all transactions and report suspicious ones, but there will be less emphasis on individual transaction reporting because it throws up so many "false positives", Ms Lawlor said.
In taxable and nontaxable accounts, there will be transaction costs.
Going forward, it will be a mix of games and properties that are advertiser-supported, those that are based on micro-transactions, subscriptions and virtual currency; there will be a lot of choices.
