That brings back some memories...when Frank Yellin and Sheng Liang (from Javasoft) visited our team at UW I think in 1996 or 1997, we mentioned that our bytecode verifier/failure injector was really fast because we were using arena allocation, which was only possible (at the time) because we did the project in C. If you are using non-pointer offsets, you totally can do arena allocation with a byte buffer. I still don't get how you can do it safely with high level objects even with the mechanism described above, but there are definitely lots of unsafe ways to do it.
And a lot of people writing Java can't update to that.