Along with making Hydrogen and Oxygen there are other things you can do with this concept. One is Making Oxide salts (i.e. metal+Oxygen such as Fe2O3) although this will not allow you to collect gaseous Oxygen, you can make pigments out of this such as turquoise blue with Copper or Orange with Iron. You can also make Aluminum powder for thermite, with the positive being Aluminum and the negative being Carbon (Graphite/pencil lead) the Aluminum either does not bond or it decomposes. If I'm wrong it will stay bonded but can still be used as a pyrotechnic. You may also plate a metal using this with the plating metal on the positive and the object to be plated on the negative although this will also crate it's oxide. All you have to remember is that the positive will dissolve into an oxide salt and the negative will be plated. Have fun experimenting
the reaction looks like this:
Cu(OH)2 ---> CuO + H2O
you can use the CuO in thermite inplace of the Al2O3 it might explode