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Why would you want this over a NoSQL store? How does Postgres even index an hstore?
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Depends on your needs really. The querying capability in Postgres is so much nicer than NoSql DB's and generally, or at least is the case with Mongo, you don't get transactions.
You can use gist indexes to index hstore's.
"Why would you want this over a NoSQL store?"

If you can use a more general-purpose system like Postgres and get everything you need, then that's better than relying on special-purpose NoSQL systesm. The better question to ask is: why use a NoSQL system when Postgres works just fine and is useful in more situations?

The history of databases is a history of absorbing special-purpose systems into general-purpose SQL systems. XML databases were once a major topic (albeit misguided); now it's just a feature. Same with Columnar storage, or OO databases, or geospatial (postgres is a leader in geospatial, as well).

Because data integration is so incredibly valuable, it pushes strongly toward general-purpose systems and people dislike one-off special-purpose databases unless they deliver a huge amount of additional value.

"How does Postgres even index an hstore?"

It allows normal btree indexing of, for example, the values for some given key by using functional and/or partial indexes.

It also allows indexing of "contains", "contains key", "contains all of these keys" and "contains some of these keys" by using GiST and GIN indexes.

Personally, I'd like the ability to make a transactional update to records in different tables.
THIS. Exactly why Mongo fails (though I love mongo). No freakin' transactions!
Wouldn't it be a lot nicer to just use a schema and serializer? I know that's not really the point of this article, but if you're trying to get a SQL db to operate like a NoSQl store, it feels like a lot of hand-waving.
It's really handy to get a json graph out of the database, even if the data is stored in normalized tables.

  select order_details(53647);
Can return an complex graph of line items, addresses, shipments, etc. No need for ORMs.
It really depends on the data structure. If you've got something that can have an unknown amount of variables in it and you're already serving up JSON, then I think using JSON is the way to go.

Another use-case: We've got hundreds of clients that send health statuses for a ton of different metrics every 10 minutes. Stuff like Wifi strength, exceptions caught/uncaught, various errors and crash reports, blah blah. Anyway, we need a flexible store for all of this stuff because we're always adding more metrics. Whatever the clients send as their request body gets added as a JSON object.

We also want to dynamically display all of these metrics. We can literally grab the data as JSON and make the keys table column headers in an html view. Adding new metrics can automatically be reflected in both the database and in our html views. We can query against new fields without changing schemas or business logic.

If it were up to me, I would create a schema for each metric and then if you need all on one page, create some nice /client/client_id/metrics/all route.

Although if you're dealing with metrics, you probably want to have a good defined model of your data (schema), because statisticians want to know what they have to work with, and saying, "bunch 'o JSON" is not acceptable. Plus there's things like null values to deal with. Yuk.

For my startup, we find the common denominator of social media data. For example, a tweet is very unique so it's itself. But then there's more generic types like photos. So then we look at photo services like flickr and instagram. We then evaluate the data available and look for common denominators again to hone in on as much similar data as possible. The result is a model of photo data from a wide range of sources, but are now unified. We could have just used instagram json and flickr json and tossed in the db, but because we defined a schema/ models to get data from, we can sleep soundly knowing the data we send to the frontend is fast and always valid.

Until you have 20-30 joins for a single query, and it takes forever to return simple results against what should be a really simple query/search.
This is very true, however it's a problem with your schema/ db types design/ caching. My main argument is using a random data blob is suicidal.
Actually, Postgres does have a JSON datatype. The only extra thing it does is ensure the data is valid JSON, but it is still technically incorrect to say that there is no JSON type.

http://www.postgresql.org/docs/devel/static/datatype-json.ht...