He knew that he could be destroyed with the One Ring, but the possibility that his enemies would resist the corrupting influence of the Ring and actually seek to destroy it was beyond his comprehension. He made the fatal mistake of assuming that his enemies thought like he did, and had the same temptations. He thought that the Ring would turn everyone into power-crazed fiends (*coughcoughBoromircoughcough*), and that they would battle amongst themselves for it, leaving themselves vulnerable to attack.
In other words, the thought didn't even enter his mind that his enemies would exploit that.
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But Melkor also was there, and he came to the house of Fëanor, and there he slew Finwë King of the Noldor before his doors, and spilled the first blood in the Blessed Realm; for Finwë alone had not fled from the horror of the Dark.
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