In this review, I give a summary of the history of our understanding of gravitational waves and how compact binaries were used to transform their status from mathematical artefact to physical reality. I also describe the types of compact (stellar) binaries that LISA will observe as soon as it is switched on. Finally, the status and near future of LIGO, Virgo and GEO are discussed, as well as the expected detection rates for the Advanced detectors, and the accuracies with which binary parameters can be determined when BH/NS inspirals are detected.
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