Had a quick look for you at the Yamaha workshop manual (available from this forum) and on page 8-30 it states the bike's immobilser is designed to prevent re-registering codes from the standard key. It then explains the red key has a transponder for the purpose of registering other blanks. It then goes on to say it is impossible to register blanks without the red key and an entire immobilser group would need replacing.
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I have a lot of growing up to do. I realized that the other day inside my fort.
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