IMO there isn't a cookie nightmare but rather a tracking nightmare. I'm not fully up-to-date on if there is a separate EU directive on cookies on the internet specifically, but the GDPR is the _General_ Data Protection Regulation. Meaning that if I go and collect your info on pen and paper, I must then ask your permission on how I process and share that data, especially if sharing that data is not necessary to complete the main transaction but is somehow done auxiliary to the main purpose. (e.g. I buy a pillow online, my info is used to target ads for me.)
GDPR itself doesn't require consent for functional cookies. For example, Apple.com does not have a cookie consent box _at all_.
On tracking specifically, I feel there are at least two levels. One that happens in-browser by third party companies. These are your classic advertisements. The other is more first-party backend-heavy. These would be your local grocery store using your purchase history linked to your membership card and using that data to create analytics and targeted ads etc.
So creating a browser setting would likely not toggle all tracking away, just the ones that are "annoying" while browsing.
There is no legislation on cookies. The legislation is on tracking, or more generally, personal data collection. It doesn’t matter if websites use cookies or other means for those purposes.
GDPR itself doesn't require consent for functional cookies. For example, Apple.com does not have a cookie consent box _at all_.
On tracking specifically, I feel there are at least two levels. One that happens in-browser by third party companies. These are your classic advertisements. The other is more first-party backend-heavy. These would be your local grocery store using your purchase history linked to your membership card and using that data to create analytics and targeted ads etc.
So creating a browser setting would likely not toggle all tracking away, just the ones that are "annoying" while browsing.