On Mon, 28 Jul 2014, Bill Bogstad wrote:

Now, I don't suggest the above scenario as one which I think is a good
idea.   But I did want to point out that the idea that paying for
peering should be all about aggregate direction of netflows is
shortsighted.   That just happens to be the way that it was done in
the past, not some natural law.   The Internet has changed so what was
once truly a many to many set of networks flows has become more of a
few to many set.   I think the charging model needs to change as well
and not be based solely on the direction of the aggregated flows.
Unfortunately, I don't know what that new charging model should be.

I've seen Level3 talking about comparing bit-miles rather than bits in each direction. This seems much more resistant to changes in traffic patterns.

David Lang
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