The simple idea of presenting users with a text like this is madness. You know I won't read it, you know most people couldn't process or understand it if they tried, you want consent and agreements through a popup in the browser yet you know damn well that it is not an agreement at all.
To anyone who does this, who presents complicated privacy guidelines, EULAs in all-caps, insane cookie opt-out checkboxes, please have a hard look in the mirror. Think of a real-world analogy for the kind of roadblocks and contraptions you are building, how you are misleading and exposing your fellow humans. Thanks.