Does The One Ring Take Over The Mind

Does the One Ring over time take over your mind? Yes. I think that this One Ring shall corrupt any mind it comes into contact to over a long period of time, except the creator. I would say that this One Ring is the most powerful ring of them all. Here is why I believe this corrupted ring can control anyone who possesses it.
Lord Sauron's One Ring was produced by Sauron himself which then he centered his own energy into to give him the ability to enslave other Ring of Power wielders. This ring gradually adulterates the brain of the powerless and old. The ring itself became mixed up in the waterway Anduin after Isildur cut it off King Sauron's hand in the Siege of Barad-Dur. It was lost for around 2 ½ centuries until Deagol and Smeagol discovered it, yet then Smeagol executed Deagol and went to take cover in the Misty Mountains for five hundred years.
Bilbo goes through Misty Mountains investigating, however then finds the One Ring. While lifting it up he hears talking from the old Smeagol and leaves. After his arrival to Hobbiton he keeps the ring which gives him the force of maturing gradually and invisibility. On his 111th birthday he at long last was prepared to leave Hobbiton, so when he was giving his speech he secretly slipped on the ring and vanished. While the group was going crazy with where Bilbo went, he was quietly advancing toward his home. At his home he is confronted by Gandalf which then gets some answers concerning the ring and sees that it is assuming control of Bilbo. Gandalf then stands up to Bilbo about the ring and lets him know he ought to abandon it with the things he is giving to Frodo. Bilbo answers with a gnarl and murmurs ‘It is mine, I tell you. My own. My Precious. Yes, my Precious,’ however then snaps out and gives the ring to Gandalf for Frodo. Bilbo then leaves