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Hi,
You really can use this oscilloscope for small projects.
I used many interesting things (like class) to create the Processing program.
You can install only the oscilloscope program to see how it works, but it is not difficult to install the Arduino too.
Follow the steps clicking Instructables
Get all project source on GitHub
Watch the video on Youtube (turn on closecaption and translate to english!)
I hope you enjoy and help me to develop the Oscilloscope. (The source code needs to be organized, it's a bit messy!)