Yes, essentially. I am going to switch from using NixFrixShun to chain waxing with melted paraffin wax as described in an article on the late, lamented EcoVelo. The goal is a cleaner drivetrain and bike. I have run a single-speed city bike with a waxed chain before and it works great except in prolonged salty, slushy winter riding; this bike doesn't really get ridden in those conditions. However, in order for it to work, I need to remove all of the existing chain lube from the drivetrain before installing the waxed chain.