The semantics of 'Hide'

The semantics of the ‘Hide’ operation in the new issue view content panel could be clearer.

When the contentPresentConditions evaluate to false, the ‘Hide’ link (in the ‘…’ menu) means ‘Remove this content panel entirely’; and it’s not clear whether that also means ‘And remove the content from the issue’. Should the content created inside an issue content panel re-appear when the user re-opens the issue content panel after hiding it?

When the contentPresentConditions evaluate to true, the ‘Hide’ link (next to the title of the panel) means ‘Collapse this content panel, but don’t remove any content from the issue’.