Half a century after its discovery, the Josephson junction has become the most important nonlinear quantum electronic component at our disposal. It has helped reshaping the SI system around quantum effects and is used in scores of quantum devices. By itself, the use of Josephson junctions in the Volt metrology seems to imply an exquisite understanding of the component in every aspects. Yet, surprisingly, there have been long-standing subtle issues regarding the modeling of the interaction of a junction with its electromagnetic environment which has generated broadly accepted misconceptions and paradoxical predictions. Here, we invalidate experimentally one such prediction, namely that a Josephson junction connected to a resistor becomes insulating beyond a given value of the resistance, due to a dissipative quantum phase transition. Our work clarifies how this key quantum component should be modeled and resolves contradictions in the theory. arXiv:1905.01161v2 [cond-mat.mes-hall]