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In the old days we would have used a four-track.

What is the modern equivalent? Will a standard PC sound card be sufficient to digitize the signal, either real-time or from another recording device?

Does anybody still record on DAT?

What is a good cheapo mic for recording vocals and acoustic guitar, an SM58 or something? Isn't an SM58 balanced output? How would you get that into a computer?

Is there a piece of software recommended for multitrack editing?

Thanks, I am in the stone age when it comes to digital mastering.