What I like about this POI is that it focuses on set membership and not equations. This is what I mean. Consider the equation $$\forall n \in \mathbb N, \sum_{i=0}^n i = \dfrac 12n(n+1)\tag{1}$$ A proof using your version of POI would go as follows.
Let $\displaystyle \mathbf T = \left\{n \in \mathbb N: \sum_{i=0}^n i = \dfrac 12n(n+1)\right\}$. (Note $\mathbf T \subseteq \mathbb N.$)
STEP $1$. Since $\sum_{i=0}^0 i =0= \dfrac 120(0+1)$, then $0 \in \mathbf T$.
STEP $2$. Suppose for some natural number, $n \ge 1$, that $n-1 \in \mathbf T$. Then
$\displaystyle \sum_{i=0}^{n-1} i = \dfrac 12(n-1)(n)$. So
\begin{align}
\sum_{i=0}^{n} i
&= \sum_{i=0}^{n-1} i + \sum_{i=n}^{n} i \\
&= \dfrac 12(n-1)(n) + n \\
&= \dfrac 12(n^2 - n + 2n) \\
&= \dfrac 12 n(n+1).
\end{align}
Hence $n-1 \in \mathbf T \implies n \in \mathbf T$.
It follows, from POI, that $\mathbf T = \mathbb N$. Hence equation $(1)$ is proved.