I encountered this for the first time today while attempting to read something on archive.today.
I confirmed that decoding the qrcode using a computer and following the URL it contains is insufficient; the error it gave directed me here which is what the linked screenshot is of.
The old type of captcha remains available too, for now:
OC writeup by @cypherpunks@lemmy.ml



I had this yesterday, I hate it. Switched to the eyeball icon and proceeded on.