Whenever I see a checkbox or something that just says “Check here to confirm you accept our privacy policy” I think it’s funny because all I am legally agreeing to are the words actually in front of me. Sure, I agree with the standalone words “our privacy policy”. I’m not sure what that does for you, but i guess “our privacy policy” is an acceptable string of words.
I mean that would hardly hold up to a challenge fir inadequate consideration. The value of all intellectual property in perpetuity is easily worth far more than access to the reddit website.