Our idea of reciprocity is inspired in the AYNI of Andean first nations. Andean communities such as the Queachua or Aymara are ruled by AYNI, reciprocity in its broader sense, as it grants mutual care while it strives for balance.
From a western perspective, focused on economics, reciprocity refers to the direct exchange of goods or services. In this sense, we recognize three types of reciprocity: generalized, balanced, and negative.
Generalized reciprocity refers to an exchange that incurs no calculation of value or immediate repayment of the goods or services.
Balanced reciprocity involves calculation of value and repayment of the goods or services within a specified time frame.
Negative reciprocity occurs when one party attempts to get more out of the exchange than the other party. This can happen through hard-bargaining, deception, stealing, or even selling or renting at an inflated price
The bubusi ecosystem proposes two measures or indicators of reciprocity: a price and a token. This means that products/services can be bubusied either for a price or a token.
The amount covers the depreciation of the thing during the time it is bubusied plus a fee. The fee covers the ancillary services needed for maintenance and, when needed, it also includes an insurance or extended warranty in case the product breaks beyond repair. The amount for an equivalent depreciation is paid to the custodian to make sure the item can be shared at no cost to the lender.
The token covers the depreciation cost of the thing and it gives the opportunity to the recipient of the token (the custodian) to borrow something of an equivalent cost in return. However, in each transaction the borrower will still pay in money the cost of the ancillary services plus the insurance if needed, even when the depreciation cost is paid through a token.