operationally, i picture the following:
1) start with an initial state $\lvert \psi \rangle \in \mathcal{H}$ at $t_0$.
2) evolve via closed dynamics for a time step $\delta t$, $\lvert \psi \rangle \mapsto U(t_0+\delta t, t_0)$, i.e. solve the Schrödinger equation over $\mathcal{H}$ and over time interval $t \in [t_0, t_0 + \delta t]$.
3) puncture a hole in $[t_0, t_0 + \delta t]$.
4) update the time interval to be $[t_0 + t_0 + \delta t]$ with a puncture unioned with the "next" time interval $[t_0 + \delta t, t_0 + 2\delta t]$.