Correct, closed Eye should be used if Password is hidden.

I thought what you said makes sense - but I just logged in to windows 10 and that does exactly the same as we have right now. I also checked chrome and that does the same as microsoft. So It is not showing the state but showing the action eg click here to see the password

We might think its wrong but its what others do

Make it more obvious, green background when visible, red when scrambled. Just an idea

the round is wheel lets not reinvent it

1. The Joomla Logic is different. You have an icon with the current state. Otherwise you have to put a unpublish icon next to the published articles.
2. Same is the trash icon (inside trash) that restores an article instead of trashing it completely. When I asked to change it to a restore button argument 1 was the reply ;)

This should be closed. It is a non-issue. The rest of the web and applications do this exactly the way we are doing it now. The design pattern in use has been used for decades

If the toggle is an action - Play/Pause - then it should show the thing that will happen. So while paused it would show Play and then while playing show Pause.

Set to "closed" on behalf of @Quy by The JTracker Application at issues.joomla.org/joomla-cms/18832

Please show examples for "the rest of the web" here is a google example:

thank you.