bp_hide_loggedout_adminbar( bool $default = true )

function bp_hide_loggedout_adminbar( $default = true ) {

	/**
	 * Filters whether or not the toolbar is hidden for logged out users.
	 *
	 * @since BuddyPress 1.6.0
	 *
	 * @param bool $value Whether or not the toolbar is hidden.
	 */
	return (bool) apply_filters( 'bp_hide_loggedout_adminbar', (bool) bp_get_option( 'hide-loggedout-adminbar', $default ) );
}