When you are standing on a chunk border (15 or 0), when looking at a certain angle chunks on the edge of your screen will become transparent. This is extremely noticeable with a high FOV.
Demonstration: http://youtu.be/Ty2Eky5s0No
MC-63210
Standing on chunk border while looking at a certain angle makes chunks transparent
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It seems related to MC-63070, except third-person view is not required