Like any other relationship, a 24/7 is defined by the people involved. i would be most unsuited to a 24/7 with anyone else, but with the Dragon, it simply is the only dynamic that feels natural and right.
"Punishment" is not a part of our interactions. There has never been a need. At the slightest sign of disapproval or disappointment and i begin to beat myself up (figuratively speaking) to the point that physical "discipline" would be superfluous.
And he does allow me a generous amount of input into most facets of our lives, while i retain autonomy in my professional life. But even in the facets where his control is less than obvious, it is a constant in my mind that i am his property 24/7. And i wouldn't have it any other way.