Originally Posted by operator
Sheldon says the persevative on the chain when it's new is a myth. It's actually lube.
Oh yes, it will lubricate. So will automotive wheel bearing grease, 90wt gear oil, or Vasalene. It is just that it will also pick up grit and grime. Therfore, you will shortly be running a "well lubed" chain with an abraisive added to it.