Ha - i think i have a good answer found from wikipedia
en.wikipedia.org
My 60->80% was just an example - I usually run it down more than 60%
But rarely less than 30% or so. I charge to 100% maybe once per month.
That article expresses my understanding of the process pretty well.
Example: If I run the battery from 80% to 30%, and then charge it back to 80%, I've used one-half cycle. The total is 50%. Do that twice, and you've used one full charge cycle -- it adds up to 100%.
Those claims on how many charge cycles you will get on a given battery -- and like someone said, they are estimates -- refer to useful life, not total life. "Useful life" could mean that you have 80% of the original capacity left, or 70% -- they don't always say this part, but that's what they are referring to.
Another example: Say you have a 1000 watt-hour battery. They claim 500 cycles, and that the useful life = 80% of original capacity. That means they think that after 500 cycles, your 1000 wh battery will only be able to charge to 800 wh.
In ebike terms, if it could propel you 50 miles per charge (at 100% state of charge), now when the battery is fully charged you only get 40 miles. There's still a lot of life left in that battery, but it's a noticeable drop from what you had, and that's the parameter as they somewhat arbitrarily defined it. If you only need to be able to ride 30 miles between charges, you are still good to go for several hundred more charge cycles.
A lot has to do with battery chemistry. I was surprised to learn how many types there are, and
how different their characteristics can be.