I built something inspired by this very post in 2013/2014. Not sure how the scale compares, but we insert ~10 million “things” with an average of 30 data attributes per day with a 30 day window. It definitely uses primary and foreign keys. It took some time to tune. Had to support an additional access pattern using a non-unique index. Had to work with a DBA to get partitioning right to handle the large write volume and manage expiration efficiently. It worked out great and is still chugging along. It does suck not having all the tools of an RDBMS at your disposal, but it was a good trade off.
