Mocking or denying spec numbers does not change reality. You know 50,000 amps is wrong because you feel? Helpful is a few decades of experience earthing direct strikes without damage. Specification numbers are the manufacturer committing to a reality.
As Scipio posted, and the IEEE surge guide confirms, the maximum surge current that has any reasonable probability of occurring is 10,000A per service wire. That is based on a 100,000A lightning strike to a utility pole adjacent to a house in typical urban overhead distribution. Only 5% of strikes are stronger, and the strike is extremely close.
You won't get a 50,000A surge and a residential service panel protector is not designed to handle it. So what does 50,000A mean? The protector can withstand many very large hits (as the IEEE surge guide says "to provide a longer service life and higher reliability"). It is exactly like a high joule rating.
But the 50kA protector rating is 'real'. The service wire can conduct 50,000A. They just won't see a surge that large.
Inexperience also explains confusion of "Category C". Category C defines a minimal device. Experience and industry convention exceed that standard. Reliable protection means an earthed protector starting at 50,000 amps from many more responsible companies.
It is all westom's opinion.
The IEEE surge guide has suggested ratings, from experts in the field, on page 18.
If missing, the NIST shows the 8000 volt damage on Page 42 Figure 8. Category A says voltage is much less than 8000? Of course. Since a destructive surge was not earthed BEFORE entering, then interior voltages may even be 8000 volts. Damage and danger is averted by earthing a properly sized (50kA) 'whole house' protector at the service entrance.
In fact a service panel protector would provide NO protection in this IEEE (not NIST) example. The surge does not come in on power service wires.
And 8,000V (actually 10,000V) in the example is from power wires to the cable wire and is irrelevant to service panel protectors.
The maximum voltage at a service panel is about 6,000V. When the voltage goes above about 6,000V there is arc-over from the busbars to the enclosure. Since the enclosure is connected to the earthing system that dumps most of the surge to earth. The voltage across the arc is hundreds of volts. Arc-over is one reason the worst case energy at a plug-in protector is only 35 joules. Damage is likely more of a problem with weaker surges that do not cause arc-over (and a weaker surge caused the 35 joules).
Arc-over also happens at receptacles at about 6,000V.
Then an adjacent protector would not earth a surge 8000 volts destructively via TV2.
The lie repeated.
With no protector at TV1 the voltage (power wiring to cable wire) at TV2 is 10,000V. With the protector at TV1 the voltage at TV2 is 8,000V. The protector at TV1 does not cause damage at TV2. The point of the example, for anyone who can think, is "To protect TV2, a second multiport protector located at TV2 is required."
And in the circumstances of the example "the only effective way of protecting the equipment is to use a multiport [plug-in] protector."
Another answer to the OP's question: fire. For example, Norma in "The Power Outage" in Oct 2008 describes it:
Anyone with minimal understanding of surges can recognize that what happened (if anything) was not a surge.
And westom's service panel protector would have not prevented it.
A NC fire marshal summarized why undersized protectors cause fires and how some investigations overlook that threat:
The fire marshal confirms that "more modern surge suppressors are manufactured with a Thermal Cut Out mounted near, or in contact with, the MOV that is intended shut the unit down overheating occurs."
Still missing - the record of fires in UL1449 listed protectors made since 1998.
More pictures of potential fires: All six MOVs were removed. Even a protector's light does not report all protector failures.
This is a serious problem if you have a MOV theft ring in your neighborhood.
It is another typical westom post, full of misinformation already debunked many times.
For real science read the IEEE and NIST surge guides. Both say plug-in protectors are effective.
Then read the sources that agree with westom that plug-in protectors do not work. There are none.