Computers use binary and counting tends to be grouped as follows:
2, 4, 8, 16, 32, 64, 128, 256, 512, 1024
This is why digital devices (like memory cards) are often 256 or 512 in size for example.
But when you get to 1024 people often show it as 1k.
Of course 1024 is very near 1,000, so when people talk about something being 1k (1 thousand) they actually mean 1024.
So if a file on your hard disk was said to be 1k it may actually be 1024 bytes and you have already "lost" 24 bytes.
So even at those low numbers you can get confusion between if 1k means 1,000 or 1024.
Now expand that to talk about megabytes, or gigabytes or terabytes.
When they say 1Tb do they mean 1Tb based on 1,000 or 1024?
So as that wiki article points out, disk makers talk about 500Gb disks or 1Tb disk, but tend to "round up" to keep it simple.
And that way you think you have lost a lot of your hard disk.