As far as I was able to experience it's just hidden and not deleted.
I have to keep an old domain indefinitely to host a robots.txt just to keep sensitive personal data hidden that little me foolishly published on the open internet.
But I'm not complaining. The internet archive is a great gift. Using it with a bookmarklet really feels like a super power.
it sounds a lot like this would need some kind of delegation mechanism where you could point to a different URL in-time before abandoning the place. or maybe some kind of sealing using a cryptographic function that lets you proof your are the owner of the current/previous content and also would proof you are not the owner of the newer content while this proof could be used to release the ban if ever needed.
I have to keep an old domain indefinitely to host a robots.txt just to keep sensitive personal data hidden that little me foolishly published on the open internet.
But I'm not complaining. The internet archive is a great gift. Using it with a bookmarklet really feels like a super power.