JPEG vs. RAW

Lately I've had a couple of short interactions with others regarding my B&W post-processing of photos.

I've mentioned that lately I've been posting JPEG's straight from my Leica M9 to social media.

People argue that a Leica M9 with its older style CCD sensor is obsolete.

They complain that the files from high ISO settings are unusable.

I find this to be false and will argue the opposite.

The noise rendering can be beautiful.

Especially in monochrome.

Someone once told me that we all look better in black and white.

One file is a JPEG straight out of the camera.  

One file was the uncompressed raw file that was edited in Light Room 4.  

Which one is the JPEG and which is the processed file?
Which one do you like better and why?

Please leave me a comment.
Share your thoughts.

Cheers!

Leica M9

Voigtlander 35mm Skopar

f/2.5

1/16 sec

iso-1250

File No. 1

File No. 2