No. Content is not lost. There is no exchange of content files from your computer to their serves. Everyone would have a cow if that was the case. The call home feature was to authenticate your license; nothing more, nothing less. Macs are doing away with Flash altogether, that is why Air was introduced. So far, my Poser Pro 2014 and Poser 11 Pro transitioned well from SM to Bondware with no problems. But, I am running Windows 10.