In a blockchain like Steem, the contracts and therefore the law is codified in the version of the Steem software that witnesses run.
Community votes witnesses. Witnesses discuss possible changes to protocol and/or contract (like restriction on Steemit stake), devs code it, witnesses test it, witnesses deploy soft fork.
That's how a contract works in Steem.
So technically for Steemit Inc stake, the contract was in 22.1
If community does not agree, they change their witness votes. That's how it works.
I'm not talking about the mechanics of the #Steem Blockchain, I am talking about the transfer of ownership of the "Ninja Mined" #Steem Stake as an asset.
Stephen
I understand, but in principal 'Code is Law'. From that viewpoint there was no prior contract (it was not in any version approved by supermajority, although there have been many proposals and discussion to do that specifically).
And when it comes to ownership transfer: your keys, your crypto.