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It's a part of new EU legislation being put in place. You need to disclose that you are puttign a cookie on the users computer and what information it collects and how it handles it. Already put into law in for example Sweden.
However, the effect of the new EU law is very sporadic, it only affects sites which are hosted in that specific country where the law is applicable. So if you are hosted in the US for example, you don't need to bother about this at all and can easily continue without any further ado.
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The truth is not affected by the beliefs, or doubts, of the majority.
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