Mastodon (which seems to be the biggest alternative being proposed) is still a joke, even the name and branding sounds awful IMO. And who in their right mind thought calling a post a “toot” (https://en.m.wiktionary.org/wiki/toot) was a good idea.
Besides the branding, decentralisation comes with its own issues like the lack of network-wide content moderation and agreement on what content is acceptable. There are solutions (more like hacks) around this where instance admins can choose not to federate with instances they don’t like the policies of, but it then causes problems for end-users where they can’t communicate with their peers on those banned instances despite all of them being on Mastodon. Good luck explaining to a non-technical person why they can’t talk to/see the posts of certain people despite them all being on Mastodon, and the solution is to spend time choosing an instance with policies you agree with and making sure your friends are on it or on a similar instance that’s not banned by yours, and then hoping the instances stay online without any kind of funding (there’s also no knowledge of whether they would scale to the size of mainstream social networks).
The solution IMO is not Mastodon or any of these fringe social networks. The main problem is the lack of an ethical business model in mainstream social media. The solution would be to vote with your wallets and fund a better Facebook alternative - it could even show the current social networks that there’s profit to be made treating their users with respect and make the situation better for everyone else too.