That scene always had me like “damn elf, Frodo and Bilbo, two bumpkin ass hobbits didn’t let the ring fully control them, yet your holier than thou 1000 year old magical elf ass goes full asshole after being around it for 2 seconds? Y’all weak as fuck.”
I never read the books, but it was my understanding that the hobbits were more resilient against the ring precisely because they were bumpkins without ambitions that left them open to corruption