I would think that water would be transparent, but its not at all. You look at it and you can't see any blocks below it.
When I look at water it is completely not opaque at all.
Steps to Reproduce:
1. Just look at water
MC-29472
Water Is Not Transparent From Top Down View
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Step two: change from fast to fancy render, then back. I don't like this, though. Should give more customizations.