YOU don't seem to understand. All Master Keys are stored in systems. Goes for the Wii, PS3, DSi, etc. The decryption key is in the NAND, from what I understand.
Decryption key? Yes. "Master key"? No.
QUOTE(Team Fail @ Jan 29 2011, 09:39 PM) Interesting. I guess that calculation is not the same as the DSi key, though. I would be surprised if the key's calculation method was the same as the Wii's. I doubt it though. What lead me to think it was in the system is because the key is recognized across every system made, and if it verifies the key, it would allow it, and since there is one for each console specifically and one for all of them, the key would be in the system to verify it.