No, because even if you only use part of the edge and wear it more heavily, you still have more pristine length remaining. It is an absolute advantage, with only the eventual cost of a slightly longer sharpening stroke, which in a folder's case is not a disadvantage but beneficial.
A longer sharpening stroke (under 6") makes it easier to control the edge angle precisely, if the belly is not too pronounced. So a longer edge for a folder is not only longer lasting, but easier to sharpen. Especially if, like me, you minimize rocking, free hand, by stroking nearly parallel to the edge (well, more of a very shallow diagonal in my case).
Parallel stroking means the edge portion near the handle is harder to get at, if the edge extremity is not deeply "heeled", which is the case on most folders. On a longer edge, the "hard to get at" portion will be proportionately smaller than on a shorter edge, which is yet another advantage of longer edges on folders (for free hand sharpening).
Longer edges on folders sharpen better and more naturally (if not recurved), and will have less of a dull spot near the handle when sharpened free hand. One sharpened, their edges will last longer.
Gaston