Storing password in mysql db

gistfile1.txt

mysql> insert into  user  values ( 'host' , 'user', PASSWORD('SOMEPASS') ) ;
Query OK, 1 row affected (0.18 sec)

mysql> select * from user;
+------+------+-------------------------------------------+
| Host | User | Password                                  |
+------+------+-------------------------------------------+
| host | user | *E16D008B9B8AD7E8509A5655514EC731A0F9A6A6 |
+------+------+-------------------------------------------+
1 row in set (0.00 sec)