Instead of metering by number of events, wouldn't it be better to meter by number of queries and complexity of queries?

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"milliseconds spent on queries" tries to capture that. We can always refine it further. For example, measuring the ms/query is close to what I want to measure - server load - which can increase for the same query when the overall server load is high and there can be race conditions and bugs, punishing users and of course that needs to be fixed but long term I see "happy hour" metering and much more sophisticated metrics to totally be a thing.