Yeah, it clearly did and they didn't like that you and everyone else doing that now has their transactions tracked. They know X paid Y an amount of $Z. They want you and everyone else to be able to transfer without anyone knowing to who. Just like using cash money in a shop (withdraw, transfer to Y, Y deposits in their bank and your banks know nothing as opposed to a direct deposit from X to Y where your banks know precisely when and who is on either end of the transfer).
Yes, as they note their current solution has issues. Transaction fees are too high. Volatility is a problem for any currency used as a medium of exchange absolutely.
So what is this? A start that can be improved on. If you want your transaction to be secret from your banks and those your banks share info with a wire transfer is probably not an improvement.
Might not work at all. Might have other issues as yet undreamed of. We'll see. Given I don't ever have to use this and Moxie has earned a reputation of not being neither crook nor zuck I'm kinda happy to watch and see what happens.
Immense amount of "Signal is terrible" on this site which doesn't make much sense to me.
edit: Immense amount.