Personally I wouldn't want to mine to get coins. Instead I'll do business with it, accepting it as payment, providing goods and services to people and make some profit.

I'll second this. I think bitcoin will change the world. It has world-changing potential. I think we'll see more and more people will try to get rid off their fiat currencies. The whole economy of the world will blow up. Bitcoin will be priced in gold instead of fiat. And God knows what else. For the first time ever in man's history, we're the privileged ones who will witness the biggest change that ever happened on earth.

If there's no altcoins, there's no competition. We must have competitions for a healthy economy. Right now Litecoin is one major competitor to Bitcoin; its price is low and I think the Bitcoin community is underestimating it.