Yes, you're exactly right, in the same way as kilometer is 1024 meters and the other one is just car-manufacturer-distance-per-fuel-unit-marketing-speak-kilometer..
Kilo means 1000, and meant it before computers were a thing.. We retrofitted 1024 onto it literally hundreds of years later.. because it was close enough, it got annoying to deal with, we fixed it, if only recently in 2008, but better late than never..
