Alternate "Hiding the Ring" strategies

[narfforc]

If The (un)Wise had tried to hide The One Ring instead of destroying it, then the said island would have to be unhinhabited. How far would the exclusion zone have to be around the island?I do not begin to imagine. For even knowledge of the treasure on the island would corrupt. Who would take it there, would Frodo have become another Gollum, marooned on the isle?. What damage would be done, if the Ring was sent all the way to Aman, what powerful being would it corrupt there. It would not be safe in the air, would it not corrupt The Maiar of the Heavens, or Earendil himself. I am afraid it could not be hidden safely, lest it was placed in the hand of Eru himself, why this is not an option I know not, for surely a thing made of the substance of Arda, would have no power of its ultimate creator.