Does Putin really have the "pee pee tape"?

When the Steele dossier first came to light, it was viewed with wide skepticism, largely in part because of one particular eye-popping detail: Donald Trump had Russian prostitutes perform a perverted act in Moscow hotel room and the Russians had the tape. From the dossier (via Buzzfeed):

3. However, there are other aspects to TRUMP’s engagement with the Russian authorities. One which had borne fruit for them was to exploit TRUMP’s personal obsessions and sexual perversion in order to obtain suitable “kompromat” (compromising material) on him. According to Source D, where s/he had been present, Trump’s (perverted) conduct in Moscow included hiring the presidential suite of the Ritz Carlton Hotel, where he knew President and Mrs. OBAMA (whom he hated) had stayed at one of their official visits to Russia, and defiling the bed where they had slept by employing a number of prostitutes to perform a ‘golden showers’ (urination) show in front of him. The hotel was known to be under FSB control with microphones and concealed cameras all in the main rooms to record anything they wanted to.

Trump friends and allies used this detail to widely discount the Steele dossier. It could not possibly be real, right? Welp, Mother Jones has an excellent report on how Donald Trump befriended the Russian billionaire and his son, including their night out at a Las Vegas restaurant and “raunchy” night club. After dinner, they reportedly enjoyed a show. Are you sitting down?