Took you three hours? Well, it's certainly worth it. Great outcome. The tag just flows and even though it's in black and white, it's in no way boring or plain in my opinion. The second one looks a little more blurry but i'm not sure if that's why i'm more drawn to it or not, they both look pretty simerlar in my opinion. You've used some really nice effects on this tag. The border is ok, nothing special but it works with the tag. You should consider adding some text, although i'm not sure where it would look best on the tag.
Overall 4/5. Great work, well done, and good luck.