I know this has been brought up but in my humble opinion it would help people if Michael would add a small extra to this lecturer pointing out that you have to toggle “Use Alpha” on the pin. In my humble opinion that would help because even if you import his project, his pin is not transparent, I’d guess that in the version of blender that Michael used, this was toggled automatically or didn’t exist, I could be wrong. Note that this is detailed here:
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Thank you for saying this. It took me a bit to find this.
I would also like to note, for those who can’t find it, the “Use Alpha” setting is located in the “Context. Object Data” of the reference image.
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Wish i saw this a hour ago! Just about to post this to let people know 
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