I'm not sure I see a clear winner on the debate of the virtues of a wax based lubricant vs melting paraffin and running a chain through it.

Recently I tried the method of melting paraffin and immersing a chain. I didn't need to break the chain, I just took it off the chain ring and let it droop into the liquid.

The results are far superior to the messy, black stuff from the lubricants I had been using -- none of them wax based I take it. Now if I drop a hat or glove and it lands on my chain, no worry. That to me is worth a little more time spent applying paraffin.

Maybe some day I'll try a wax based lubricant like White Lightning. If it really works just as well, maybe it is worth the switch.