One of my favorite discussions of black holes, white holes, and time, from one of my favorite-est of all episodes of
Red Dwarf.
HOLLY: What happened to that plan to make me brilliant again?
KRYTEN: Of course! Blocking up the white hole has eradicated its
influence! The time it spewed into the universe no longer exists.
RIMMER: Meaning?
KRYTEN: Well, basically, we occupy a redundant timeline. Reviving the
toaster, making Holly a genius; none of this is going to have happened.
RIMMER: What about us? Are we just going to pop out of existence? Just
going to cease to be?
During KRYTEN's response, the walls in the background fade from view,
being replaced by a starfield
KRYTEN: We will cease to be HERE, because none of this will have
occurred. But we will exist back on Red Dwarf, before all this began.
With, of course, no memory of these events, which, of course, never
happened. And as these events never happened, we will have no memory
of them. In which case, Mister Rimmer, Sir, I should like to take this
opportunity of saying that you are the most obnoxious, trumped-up,
farty little smeghead it has ever been my misfortune to encounter!
The End
The whole script is worth reading.
http://www.cervenytrpaslik.cz/scenare/EN-22-4_White_Hole.htm
Needless to say, the whole episode is worth watching.