The activist group labeled the tweet with its original hashtag, “#ChangeTheCode” – a movement to see Bitcoin shift its consensus mechanism from proof of work to proof of stake .Proof of work is Bitcoin’s way of keeping its blockchain secure by making network users compete with computing power to solve the next block and earn its associated rewards. Proof of stake, however, has users put their crypto at stake when validating blocks and leads to far less energy consumption than the former.
As included in the tweet, the “Skull of Satoshi” is meant to depict the harm caused by that consumption. The eleven-foot-tall creation is built out of computer motherboards, topped with smoke stacks, and illuminated by glowing red eyes often used in Bitcoin bulls’ Twitter profile pictures.Those very same bulls, however, were more amused – even impressed – than they were outraged.
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