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I also have the magenta grass. Running macOS Sierra on a 2015 iMac with a Radeon R9 M390.

Also, game performance has down significantly to the point where it's unplayable. Scrolling is incredibly jerky, even with all graphics options set to "off" or at their lowest. Alpha 1 was running perfectly smoothly for me.

(+1)

I guess the game was trying to fix itself with the texture issue, or making an infinite amount of errors in the log. Let us fix it, so you can enjoy the game again!