The blockchain was created by Dan. Steemit Inc manages it by proposing hardforks, patches, investing in development, etc. It's not "owned" by one person as it's processed through myriad witness servers. It can be "forked" as Golos did into a new blockchain. The reason you can't control your content and delete accounts and all that is because the blockchain is coded to not allow that and its decentralized nature prevents nodular modification (it must always sync). We actually tested all of the parameters ourselves to try and remove content for a guy who was losing his job over it. It's not possible. Changes to the blockchain itself would be required to allow you to delete your own post.
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@guiltyparties, thank you for the explanation, that's very interesting. I was wondering what would happen if for example a judge ordered a post to be taken down because of some stolen copyrighted content and that technically it's not possible?
immutable
In my view this is another major fault of the system. I learned a lot of wrong outdated info on steemit from old posts and even YT videos from whales... It makes for a big learning curve. Not to mention, if I'm not mistaken, I voted on a lot of old posts for nothing. Is that why I didn't get any curation rewards until I invested into SP? So am I correct that if one votes on a post that is older than 7 days the vote is basically recycled back into the rewards pool and they get nothing? This one I'm still unsure on.