This document discusses value creation, value flows, and liability issues related to virtual resources from an infrastructure perspective. It explores how virtual goods and services can generate revenue streams and the role of virtualization. Specifically, it examines value structures, activities that create value, information and revenue flows, and the distribution of liability among stakeholders. It also considers how dynamic future networks can introduce autonomic capabilities and how systems may exchange virtual resources, creating complex communities. The document aims to further understand these issues in potential business scenarios and the Internet of Things in order to develop novel reference models and business models around value creation, liability assignments, and revenue flows involving virtualized resources.