Peter Thiel is a an authoritarian loser and Tolkien would have hated his guts.
I love Tolkien but using his name in political discussions is pointless. He was basically an anarchist whose views wouldn't support any major active political faction today.
Only in the movies.
In The Silmarillion the point was made that they misled users who were weak while allowing users who were strong to mislead others.
Objective unbiased use for the greater good of all, while possible, was extremely rare.
The stones were an unreliable guide to action, since what was not shown could be more important than what was selectively presented. A risk lay in the fact that users with sufficient power could choose what to show and what to conceal to other stones. \*