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It's unlimited, but video is at 480P no matter where you go to view it. Trying to view it higher than that depending on site compression of the video will often yield buffering.
After 50GB of data you get what they called deprioritized. you will see speed slow downs in heavily congested areas and return to normal in not one. This is to allow people who use little to no data be able to use it.
For example my wife right now is over 60GB used if she went with me to LA she wouldn't be getting the speed I would be because I have used 200mb. When we both go back go Hawaii our speeds would be the same. Hawaii towers rarely if ever get congested.
You should clarify, this is data for phone only. You cannot use all that data on your work laptop away from wifi.
Tmobile tells you that you get 50gb, but thats ONLY for phone use. You cannot use that 50gb through a hotspot. Shady stuff huh?