[Homebrew101]

Well, I'm finally getting around to connecting my stereo to my pc and I have a few questions.

One of the things that will be possible is copying albums(you older folks will remember vinyl came before cd's) to my pc thence to cd etc.

I have some bootlegs on vinyl, is this what I have seen referred to as "liberating bootlegs"? Are torrents sourced from vinyl this way allowed on Traders Den? If so, how do I show the lineage?

Any of you that do this, any recommendations on free software and methods?
I am assuming that I save as wav files (sampling at 44.1K and 16 bit) and convert wav to flac. Oh, and use CD-Wave to split the tracks first.

Does this sound right?
Again, any software recommendations are helpful.