For me, features are secondary.
The quality of companies / ventures listed is what counts.
And bitfunder seems to have a few more better ventures than btct at the moment.
I don't think both bitfunder and btct will be equally big. One of them will take a big lead. Because better companies attract better investors that attract better companies that attract better investors that attract.... A slight lead will build up a long way.
I hope I'm wrong, but I reckon the exchange that does its best in attracting awesome companies in the next 6 months will gain a big unassailable lead.
Seemed like a topic better fit to this thread.
I am absolutely not the person to be looking at this objectively. I have a definite skew to my perspective. Please keep that in mind as you read this, I'm sure it shows somewhat.
My take though is that we are targeting different "markets".
Our market is virtual crypto organizations that don't mind working with a Belize company and don't mind our terms of service that everything is virtual and we're all playing a great big edu-tainment game. (notably, this is also the MPEx perspective AFAIK.) As far as I'm concerned, bitcoin is the same thing as linden dollars, WoW gold, Everquest platinum, etc, all of which freely trade on eBay and craigslist.
Bitfunder I feel is marketing itself like it's a real exchange. But they're in the USA, and what they're doing is very clearly illegal in that jurisdiction. (it's black and white.) Read up the definition of a security in the US. Profit sharing agreements are securities. It's illegal to run the exchange in the USA without registering it. It's illegal to invest in the securities in the USA without registering them. It's illegal to market the securities to an investor in the USA from outside the USA without following strict rules. Consult a lawyer. It's scary what happens if you get this wrong. Hopefully the recent big announcements that were hinted at involve moving it offshore or something.
In terms of the actual companies on the exchanges. I'm not going to critique on a ticker by ticker basis. We both have our jewels and our turds I suspect. Hopefully on btct.co with the community involvement it's a little easier to determine which is which.
Cheers.