I have seen "1M" mean 1,000,000 bytes as well as 1,048,576bytes and 1,024,000 bytes. I believe the best policy is to use "megabyte" to mean 2^20 (1,048,576) bytes. Kb always means 1024 bytes, even when a lot people round it, so I like the K spec best. I also see value in having human readable data. The spec should nail down these details.
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