Just a tad ridiculous...
I mean, come on... How complicated? Might as well write it on a piece of paper, stick it in an envelope and mail it...
And anyway, lots of people use the clipboard for sensitive data like complex system-generated passwords, etc... Do you really want all your clipboard data being bounced off an unknown third party who can store it, parse it for email addresses, insert content (pay us five bucks for premium service or we'll insert 'relevant' ads), etc, etc?