This is going to date me terribly, but in the 1980s, it was quite common to use virtual machines on 8-bit computers – the UCSD Pascal system used a virtual machine called the p-machine that allowed compiled programs on on system to run on another, exactly like the Java JVM. I’m not sure if there was ever a Commodore 64 port, but there were certainly Apple ][ and Commodore Pet ports, so it would have been completely feasible.
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