Originally Posted by NBeener
Some random code generator that's tied to the same algorithms as the key (like many companies issue to employees for off-site log-in to their servers) seems a lot more likely (to me) to glitch every 100,000th (or whatever) time than the passive antenna ring.
But then why does replacing the antenna ring seem to fix it (at least temporarily) 100% of the time?? While it seems that while some people have been able to simply wait out the problem (ie, the bike started after several hours w/o replacing ring, etc.)--which would seem to indicate that the antenna ring might not be the issue--this has not worked for many others.
Over on UKGSer, some have speculated that the problem is caused by moisture, or by some kind of electronic emissions at gas stations...but everyone seems to be just guessing.