update README

README.md

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 # IPFS Boards
 
-This is a branch with a brand new implementation of boards. Nothing works yet
+Boards is an experiment with the goal of figuring out whether it's possible to have
+a discussion board, forum or social network that works inside a normal browser tab
+without relying on servers, desktop applications, browser extensions, the blockchain
+or anything else.
+
+The goals in detail:
+
+- all communication should happen in the most distributed way possible using
+peer to peer systems
+- should work completely offline without anything else other than a web browser
+after it's downloaded for the first time 
+- all data including assets, code and user created content needs to be distributed
+and/or replicated between the users
+
+The project is in prototype stage and works thanks to the [IPFS](https://ipfs.io)
+distributed file system.
+
+You're looking at the new implementation of Boards. If you want to check out the
+old one [follow this link](https://github.com/fazo96/ipfs-boards)
+
+The first iteration focuses on creating boards, posting content and commenting.
+Moderation tools, encryption, friends lists, private messages, real time chat and
+other features will be attempted in the future
+
+## Try it out
+
+There is no public build yet, check out the next section
+
+## Working on the code
+
+This is a react project using redux, react-router-redux and redux-saga
+
+The UI is being implemented using semantic-ui-react
+
+Clone this repo, then run
+
+- `yarn` to install dependencies
+- `yarn start` to start a development server
+- `yarn run build` to create a production build
 
-[Check out the old version](https://github.com/fazo96/ipfs-boards)