'Decentralizing' just meant there were zero guarantees that there would ever be service in any given area, no guarantees on how long it would take to solve outages - and completely variable pricing that fluctuated based on hype, not demand. You know, the things that businesses care about.
They wanted it to cover random far-out forests but there's no backhaul out there.
If this model made sense, like any decentralized model, it would have been cheaper, faster and more reliable for a traditional ISP to just come in and offer the service - they were the backhaul anyways. Individuals had to pay their ISP margins to sublet the pipes when the ISPs themselves obviously had no such constraint - so the floor price was always higher than what an ISP could offer it at.
This meant that no matter what an ISP could undercut this network on price with a better, faster, and more reliable service that actually had SLAs.
It was just another crypto scheme, like all the others. It was never about the business. It was always about VCs being able to flip tokens for liquidity on day 1 instead of waiting for year 10 and at some point 'talking your book' and 'delusion' blend together.