Favor from the Crypto people AND the graphic design people AND...

Hey. I'm working on a website and have been tweaking the logos.

I'll post the M square logo that gets used as a "favicon" because that will get people asking...

But the real question: Which one do you prefer?

VERSION 1 - which is currently on the site at http://metacoin.co:

Or

VERSION 2: Which I just whipped up today for a ppt that had a dark blue background:

Logo and graphics people, I'd love to hear from you!