That's inverted, it would be:
If: P(1 more minute | 1 minute so far) = x
Then: P(1 more minute | 2 minutes so far) > x
The curve is:
P(survival) = t_obs / (t_obs + t_more)
(t_obs is time observed to have survived, t_more how long to survive)
Case 1 (x): It has lasted 1 minute (t_obs=1). The probability of it lasting 1 more minute is: 1 / (1 + 1) = 1/2 = 50%
Case 2: It has lasted 2 minutes (t_obs=2). The probability of it lasting 1 more minute is: 2 / (2 + 1) = 2/3 ≈ 67%
I.e. the curve is a decaying curve, but the shape / height of it changes based on t_obs.
That gets to the whole point of this, which is that the length of time something has survived is useful / provides some information on how long it is likely to survive.