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This is disingenuous.
The full clause says...
So to paraphrase, you retain your interest, but assign sufficient rights to cloudflare for them to provide the service you're using. For example, they can't give you a CDN if you don't give them the right to transmit your data.
Surely you have to acknowledge that it's disingenuous to copy the last sentence of the clause and omit the first sentence that says the exact opposite of the point you're trying to make.
You're reading "bad faith" into the vagaries of a terms & conditions document. T&Cs will never say "we will never monetise this data", that's just not how T&Cs work, and it's naive to conclude that the absence of such a statement means that cloudflare intends to monetise the data.
If you look at cloudlfares strategy here, they want to be the sweetheart of everyone who knows what a VPN is in order that they will be selected by those people for corporate projects. Monetising the data that flows through their network is antithetical to that objective.
Additionally I would venture that the data doesn't really have any value, it would be impossible to use it to build data about an individuals browsing or buying habits.
The first part of the sentence you quoted says "subject to the terms of this agreement". The most salient part of the agreement is the sentence you omitted.
Your claim was:
... and you omitted the sentence which describes the rights you have as the user, contradicting your assertion that users have none. If you don't think that's disingenuous then I don't know what to tell you mate.
Eh. ISPs in the US are much the same.