I think the distinction is that one interpretation is arguing that "truth by committee" is usually wrong, while the other is arguing for an elitist view where some people just carry all the weight.

Technically, defining something as being true only sometimes makes it true in fact ("All bachelors are unmarried", for example), in other cases (like this one) it only causes it to appear true...but then, if one considers the theory that reality is equal to people's perception of it, it is usually a moot distinction ...but not always.