A lot of games have this problem. Unlike Destiny, though, a lot are played through a combination of menus and/or cutscenes. Because we lack both of those in any large forms, we spend almost all of our time with our HUD's taking up the screen. Minecraft had a raging problem with it when it came out and they added transparency to it after a later update. Fixed it for all but the most extreme cases. That said, I highly doubt Bungie will do anything about it, much like the issue with there being no Audio settings whatsoever. They feel that the balance they've struck is the best possibly scenario without having to add more to the minimalistic menu system.