You can't decode the keys so don't worry about that.
By the sounds of it it's just been wired badly. Why don't you remove the ignition barrel that you don't need, replace it with the new one. Put the transponder ring in the compartment in front of your knees (service book holder) with the original key in it. The only other way is to take the chipset out of the old key and put it in the new one but you might have to recode it if it loses power iirc