Yes, it’s a myth as false as the Stabbed In The Back theory. Germany defaulted payment of reparations anyway and received vastly more money under the Dawes plan. Versailles itself was not the issue. Problems stemmed from the fact that Germany lost the war but was not itself invaded and occupied as happened during WW2. The German government pumped its people with propaganda about how well the war was going right to the end, even though after Operation Michael they knew they would lose. As a result, Versailles and The Guilt Clause made no sense and the Nazis were eventually able to exploit this.